Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,687 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,687 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $9.98, for a total transaction of $26,816.26. Following the sale, the director now owns 4,449,856 shares in the company, valued at $44,409,562.88. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hagerty Trading Down 1.7 %

NYSE:HGTY opened at $9.83 on Friday. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. The firm has a market cap of $3.35 billion, a PE ratio of 89.36 and a beta of 0.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $11.01 and a 200 day moving average price of $10.93.

Hedge Funds Weigh In On Hagerty

Several hedge funds have recently made changes to their positions in HGTY. FMR LLC boosted its stake 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 purchasing an additional 6,700 shares during the period. Algert Global LLC acquired a new position in Hagerty in the 2nd quarter valued at about $108,000. Blue Trust Inc. increased its position in Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after acquiring an additional 6,758 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Hagerty during the 2nd quarter valued at approximately $139,000. Finally, PDT Partners LLC acquired a new stake in Hagerty during the 3rd quarter worth approximately $185,000. 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 report on Thursday.

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.