Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 3,541 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,541 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $10.09, for a total transaction of $35,728.69. Following the completion of the transaction, the director now directly owns 4,303,181 shares of the company’s stock, valued at $43,419,096.29. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hagerty Stock Performance

Hagerty stock opened at $10.04 on Friday. The business has a 50 day moving average of $10.02 and a 200-day moving average of $10.70. Hagerty, Inc. has a 1 year low of $8.27 and a 1 year high of $12.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $3.42 billion, a P/E ratio of 91.27 and a beta of 0.85.

Analysts Set New Price Targets

Separately, Raymond James downgraded Hagerty from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Hagerty during the 4th quarter valued at approximately $31,000. R Squared Ltd acquired a new stake in Hagerty during the 4th quarter valued at approximately $51,000. FMR LLC increased its position in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the period. Steward Partners Investment Advisory LLC increased its position in Hagerty by 35.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock valued at $100,000 after purchasing an additional 2,726 shares during the period. Finally, Voya Investment Management LLC acquired a new stake in Hagerty during the 4th quarter valued at approximately $104,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

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.