Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $61,210.50 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,475 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $11.18, for a total value of $61,210.50. Following the transaction, the director now owns 4,511,010 shares of the company’s stock, valued at approximately $50,433,091.80. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hagerty Stock Performance

Hagerty stock opened at $11.09 on Monday. The stock has a 50 day moving average of $11.07 and a 200-day moving average of $10.90. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week high of $12.35. The stock has a market cap of $3.78 billion, a P/E ratio of 100.82 and a beta of 0.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Hedge Funds Weigh In On Hagerty

Several large investors have recently added to or reduced their stakes in HGTY. Blue Trust Inc. bought a new position in Hagerty during the second quarter worth $39,000. Dimensional Fund Advisors LP bought a new position in Hagerty during the second quarter worth $139,000. Algert Global LLC bought a new position in Hagerty during the second quarter worth $108,000. Lakewood Asset Management LLC bought a new position in Hagerty during the third quarter worth $186,000. Finally, Goldstone Financial Group LLC bought a new position in Hagerty during the third quarter worth $236,000. 20.51% of the stock is currently owned by 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.