Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 9,170 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 9,170 shares of Hagerty stock in a transaction on Monday, March 31st. The stock was sold at an average price of $9.06, for a total value of $83,080.20. Following the completion of the sale, the director now directly owns 4,102,715 shares of the company’s stock, valued at $37,170,597.90. The trade was a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Trading Down 0.0 %

NYSE:HGTY opened at $9.04 on Wednesday. Hagerty, Inc. has a one year low of $8.30 and a one year high of $12.35. The business has a fifty day moving average price of $9.71 and a 200-day moving average price of $10.33. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 82.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

Analyst Ratings Changes

Separately, Raymond James downgraded Hagerty from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 26th.

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of HGTY. FMR LLC lifted its position in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after buying an additional 6,700 shares in the last quarter. PDT Partners LLC bought a new stake in Hagerty during the 3rd quarter worth approximately $185,000. Barclays PLC lifted its holdings in Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after purchasing an additional 5,932 shares in the last quarter. Lincoln Capital LLC boosted its position in shares of Hagerty by 6.7% in the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock worth $4,772,000 after purchasing an additional 31,068 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Hagerty by 188.6% in the fourth quarter. Blue Trust Inc. now owns 30,423 shares of the company’s stock worth $309,000 after purchasing an additional 19,881 shares in the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

About Hagerty

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.