Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,407 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,407 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $9.69, for a total value of $23,323.83. Following the transaction, the director now directly owns 4,375,960 shares in the company, valued at approximately $42,403,052.40. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hagerty Trading Down 1.0 %

HGTY opened at $9.66 on Friday. The business has a fifty day moving average price of $10.63 and a 200 day moving average price of $10.86. 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 12 month low of $7.68 and a 12 month high of $12.35. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 87.82 and a beta of 0.86.

Hedge Funds Weigh In On Hagerty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 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. Algert Global LLC purchased a new stake in Hagerty during the second quarter worth approximately $108,000. Blue Trust Inc. lifted its stake in Hagerty by 178.6% during the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after purchasing an additional 6,758 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Hagerty in the second quarter valued at approximately $139,000. Finally, PDT Partners LLC purchased a new position in Hagerty in the third quarter valued at approximately $185,000. 20.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.