Hagerty, Inc. (NYSE:HGTY) Director Sells $177,150.38 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 15,193 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $11.66, for a total transaction of $177,150.38. Following the sale, the director now directly owns 4,990,974 shares of the company’s stock, valued at approximately $58,194,756.84. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hagerty Stock Up 1.2 %

Shares of Hagerty stock opened at $11.21 on Friday. The company has a fifty day moving average price of $10.82 and a 200 day moving average price of $10.52. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a twelve month low of $7.68 and a twelve month high of $12.35. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 101.91 and a beta of 0.78.

Analysts Set New Price Targets

Separately, Truist Financial upped their price target on shares of Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th.

Hedge Funds Weigh In On Hagerty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGTY. Vanguard Group Inc. boosted its position in Hagerty by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after buying an additional 21,331 shares during the last quarter. Blue Trust Inc. purchased a new position in Hagerty in the 2nd quarter valued at about $39,000. Dimensional Fund Advisors LP purchased a new position in Hagerty in the 2nd quarter valued at about $139,000. Algert Global LLC purchased a new position in Hagerty in the 2nd quarter valued at about $108,000. Finally, Lakewood Asset Management LLC purchased a new position in Hagerty in the 3rd quarter valued at about $186,000. 20.51% of the stock is owned by hedge funds and other institutional investors.

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.