Robert I. Kauffman Sells 4,277 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,277 shares of Hagerty stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $10.10, for a total value of $43,197.70. Following the transaction, the director now directly owns 4,291,733 shares of the company’s stock, valued at $43,346,503.30. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Trading Up 0.2 %

Shares of Hagerty stock opened at $10.08 on Friday. The business has a 50 day moving average price of $9.94 and a 200 day moving average price of $10.67. The company has a market capitalization of $3.44 billion, a P/E ratio of 91.65 and a beta of 0.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a 1 year low of $8.27 and a 1 year high of $12.35.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Hagerty

A number of institutional investors have recently made changes to their positions in HGTY. Pembroke Management LTD acquired a new stake in shares of Hagerty during the fourth quarter valued at $9,201,000. Neuberger Berman Group LLC lifted its holdings in Hagerty by 11.4% in the 4th quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock valued at $45,598,000 after purchasing an additional 483,324 shares in the last quarter. Markel Group Inc. boosted its stake in shares of Hagerty by 3.6% during the 4th quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after purchasing an additional 108,000 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Hagerty during the fourth quarter worth about $997,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Hagerty in the fourth quarter valued at approximately $879,000. 20.51% of the stock is owned by institutional investors and hedge funds.

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.