Hagerty, Inc. (NYSE:HGTY) Director Sells $61,210.50 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,475 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $11.18, for a total value of $61,210.50. Following the sale, the director now owns 4,511,010 shares of the company’s stock, valued at $50,433,091.80. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hagerty Price Performance

Shares of HGTY traded down $0.04 during mid-day trading on Friday, hitting $11.09. The company’s stock had a trading volume of 48,866 shares, compared to its average volume of 81,506. 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 1-year low of $7.68 and a 1-year high of $12.35. The firm has a market capitalization of $3.78 billion, a P/E ratio of 101.18 and a beta of 0.80. The firm has a 50-day simple moving average of $11.06 and a 200 day simple moving average of $10.86.

Institutional Investors Weigh In On Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. purchased a new stake in shares of Hagerty in the 2nd quarter worth about $39,000. Dimensional Fund Advisors LP purchased a new stake in Hagerty in the 2nd quarter valued at approximately $139,000. Algert Global LLC acquired a new stake in Hagerty during the 2nd quarter valued at $108,000. Lakewood Asset Management LLC purchased a new stake in Hagerty during the 3rd quarter worth about $186,000. Finally, Goldstone Financial Group LLC acquired a new stake in shares of Hagerty during the 3rd quarter worth about $236,000. 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.