Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,242 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,242 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $10.03, for a total transaction of $32,517.26. Following the completion of the sale, the director now owns 4,285,877 shares of the company’s stock, valued at approximately $42,987,346.31. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hagerty Stock Performance

Shares of Hagerty stock opened at $10.09 on Tuesday. 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 firm has a market cap of $3.44 billion, a P/E ratio of 91.73 and a beta of 0.85. The firm has a 50 day simple moving average of $9.90 and a 200 day simple moving average of $10.66. Hagerty, Inc. has a fifty-two week low of $8.27 and a fifty-two week high of $12.35.

Analysts Set New Price Targets

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

Institutional Trading of Hagerty

A number of institutional investors have recently bought and sold shares of HGTY. Meixler Investment Management Ltd. boosted its position in shares of Hagerty by 9.7% during the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after purchasing an additional 2,430 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Hagerty by 35.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock valued at $100,000 after acquiring an additional 2,726 shares in the last quarter. Swiss National Bank lifted its position in Hagerty by 6.0% in the 4th quarter. Swiss National Bank now owns 53,000 shares of the company’s stock valued at $511,000 after acquiring an additional 3,000 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Hagerty in the 4th quarter valued at $31,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Hagerty by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company’s stock valued at $620,000 after buying an additional 4,575 shares during the last quarter. Institutional investors and hedge funds own 20.51% of the company’s stock.

About Hagerty

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.