Robert I. Kauffman Sells 5,278 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,278 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $9.40, for a total transaction of $49,613.20. Following the sale, the director now owns 4,405,500 shares of the company’s stock, valued at $41,411,700. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hagerty Stock Performance

HGTY stock opened at $9.55 on Friday. The stock has a market capitalization of $3.26 billion, a PE ratio of 86.82 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50 day moving average price of $10.84 and a 200 day moving average price of $10.89. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $12.35.

Hedge Funds Weigh In On Hagerty

Several large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Hagerty by 376.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after purchasing an additional 76,740 shares during the period. 17 Capital Partners LLC raised its position in shares of Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after acquiring an additional 5,000 shares during the period. Barclays PLC grew 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 during the period. Meixler Investment Management Ltd. increased its stake in Hagerty by 9.7% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Caz Investments LP raised its holdings in Hagerty by 66.7% in the third quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.