Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $80,196.48 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,736 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $9.18, for a total value of $80,196.48. Following the transaction, the director now directly owns 4,121,185 shares in the company, valued at approximately $37,832,478.30. The trade was a 0.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hagerty Stock Down 4.0 %

Hagerty stock opened at $8.96 on Friday. The firm has a market capitalization of $3.05 billion, a P/E ratio of 81.41 and a beta of 0.84. 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 twelve month low of $8.30 and a twelve month high of $12.35. The stock’s fifty day simple moving average is $9.74 and its 200-day simple moving average is $10.36.

Institutional Investors Weigh In On Hagerty

Large investors have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS purchased a new position in shares of Hagerty in the 4th quarter valued at about $31,000. Ancora Advisors LLC acquired a new position in shares of Hagerty during the fourth quarter worth $46,000. R Squared Ltd purchased a new position in Hagerty in the fourth quarter valued at $51,000. FMR LLC lifted its holdings in 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 buying an additional 6,700 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Hagerty during the 4th quarter worth about $84,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

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.

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.