Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 10,461 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 10,461 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $11.54, for a total transaction of $120,719.94. Following the completion of the sale, the director now directly owns 4,710,068 shares of the company’s stock, valued at approximately $54,354,184.72. The trade was a 0.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hagerty Trading Up 0.7 %

Shares of NYSE:HGTY opened at $11.75 on Friday. The business’s 50 day simple moving average is $10.86 and its 200 day simple moving average is $10.68. Hagerty, Inc. has a 1 year low of $7.68 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 $4.01 billion, a P/E ratio of 106.82 and a beta of 0.78.

Institutional Trading of Hagerty

Institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 acquiring an additional 76,740 shares during the period. Goldstone Financial Group LLC acquired a new position in Hagerty during the third quarter valued at approximately $236,000. Vanguard Group Inc. lifted its stake in Hagerty by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after purchasing an additional 21,331 shares during the last quarter. Lakewood Asset Management LLC acquired a new stake in shares of Hagerty in the 3rd quarter valued at $186,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty in the 3rd quarter valued at $185,000. 20.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial lifted their price objective on shares of Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th.

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.