Robert I. Kauffman Sells 3,878 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,878 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $9.57, for a total value of $37,112.46. Following the sale, the director now directly owns 4,442,459 shares in the company, valued at $42,514,332.63. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hagerty Price Performance

Shares of NYSE:HGTY opened at $9.88 on Friday. The company’s fifty day moving average is $10.94 and its two-hundred day moving average is $10.92. The company has a market cap of $3.37 billion, a P/E ratio of 89.82 and a beta of 0.80. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HGTY. Meixler Investment Management Ltd. raised its holdings in shares of Hagerty by 9.7% during the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after acquiring an additional 2,430 shares in the last quarter. 17 Capital Partners LLC increased its position in Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after purchasing an additional 5,000 shares during the last quarter. Barclays PLC raised its stake in shares of Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares in the last quarter. FMR LLC lifted its holdings in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after buying an additional 6,700 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after buying an additional 6,758 shares during the last quarter. 20.51% of the stock is owned by institutional investors and hedge funds.

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.