Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 6,111 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 6,111 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.66, for a total transaction of $59,032.26. Following the sale, the director now owns 4,417,368 shares of the company’s stock, valued at approximately $42,671,774.88. The trade was a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hagerty Trading Down 1.5 %

Shares of NYSE:HGTY traded down $0.15 during midday trading on Monday, hitting $9.62. 61,315 shares of the stock traded hands, compared to its average volume of 68,472. The stock has a market capitalization of $3.28 billion, a PE ratio of 87.45 and a beta of 0.86. The business’s 50 day moving average is $10.93 and its two-hundred day moving average is $10.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a one year low of $7.68 and a one year high of $12.35.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hagerty

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in Hagerty by 25,769.2% in the third 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 bought a new position in Hagerty during the second quarter valued at approximately $108,000. Blue Trust Inc. raised its position in Hagerty by 178.6% in the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after acquiring an additional 6,758 shares during the period. Dimensional Fund Advisors LP bought a new position in Hagerty in the second quarter worth approximately $139,000. Finally, PDT Partners LLC purchased a new stake in shares of Hagerty in the third quarter worth $185,000. Hedge funds and other institutional investors 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.