Hagerty, Inc. (NYSE:HGTY) Director Sells $83,115.76 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,918 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $9.32, for a total value of $83,115.76. Following the completion of the transaction, the director now directly owns 4,389,521 shares of the company’s stock, valued at approximately $40,910,335.72. This trade represents a 0.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hagerty Price Performance

Hagerty stock opened at $9.74 on Friday. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week high of $12.35. 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 stock has a fifty day moving average of $10.69 and a 200-day moving average of $10.88. The stock has a market capitalization of $3.32 billion, a P/E ratio of 88.55 and a beta of 0.86.

Analyst Upgrades and Downgrades

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

Institutional Trading of Hagerty

A number of hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in 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 purchasing an additional 76,740 shares during the last quarter. Lincoln Capital LLC grew its stake in Hagerty by 6.7% in the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after acquiring an additional 31,068 shares during the period. Goldstone Financial Group LLC bought a new stake in Hagerty during the 3rd quarter valued at $236,000. Lakewood Asset Management LLC acquired a new stake in shares of Hagerty in the 3rd quarter worth about $186,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty in the third quarter valued at approximately $185,000. 20.51% of the stock is owned by institutional investors and hedge funds.

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.