Robert I. Kauffman Sells 67,590 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 67,590 shares of Hagerty stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $11.17, for a total value of $754,980.30. Following the completion of the sale, the director now directly owns 4,832,126 shares of the company’s stock, valued at $53,974,847.42. The trade was a 1.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Price Performance

HGTY stock traded up $0.45 during trading on Thursday, hitting $11.51. 219,164 shares of the company’s stock traded hands, compared to its average volume of 81,476. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 100.55 and a beta of 0.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The business has a fifty day simple moving average of $10.82 and a 200 day simple moving average of $10.59. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week high of $12.35.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Hagerty

A number of large investors have recently made changes to their positions in HGTY. Vanguard Group Inc. lifted its position in shares of Hagerty by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after purchasing an additional 21,331 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hagerty by 376.1% in the 3rd 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 in the last quarter. 17 Capital Partners LLC raised its stake in Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after acquiring an additional 5,000 shares during the last quarter. Barclays PLC increased its holdings in Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after buying an additional 5,932 shares during the period. Finally, Meixler Investment Management Ltd. lifted its stake in Hagerty by 9.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after acquiring an additional 2,430 shares during the period. 20.51% of the stock is owned by hedge funds and other institutional investors.

Hagerty Company Profile

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.