Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 62,342 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 62,342 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.21, for a total value of $698,853.82. Following the completion of the transaction, the director now directly owns 4,757,757 shares in the company, valued at approximately $53,334,455.97. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hagerty Price Performance

NYSE HGTY opened at $11.51 on Friday. The stock’s 50 day moving average is $10.83 and its 200 day moving average is $10.62. 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 12 month low of $7.68 and a 12 month high of $12.35. The stock has a market cap of $3.93 billion, a PE ratio of 104.64 and a beta of 0.78.

Analyst Ratings Changes

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

Institutional Trading of Hagerty

Several hedge funds have recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Hagerty during the 3rd quarter worth approximately $185,000. Caz Investments LP raised its holdings in shares of Hagerty by 66.7% during the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after acquiring an additional 10,000 shares in the last quarter. FMR LLC raised its holdings in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after acquiring an additional 6,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after acquiring an additional 76,740 shares in the last quarter. 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.