Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 8,918 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,918 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $9.32, for a total transaction of $83,115.76. Following the transaction, the director now directly owns 4,389,521 shares of the company’s stock, valued at approximately $40,910,335.72. This represents a 0.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Stock Performance

Shares of HGTY traded up $0.24 during trading hours on Tuesday, reaching $9.55. 40,695 shares of the company traded hands, compared to its average volume of 66,737. The stock’s fifty day moving average is $10.78 and its 200 day moving average is $10.89. The stock has a market cap of $3.26 billion, a P/E ratio of 86.82 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Hagerty, Inc. has a 1-year low of $7.68 and a 1-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 report on Thursday, December 26th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. FMR LLC increased its stake in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after acquiring an additional 6,700 shares during the period. Algert Global LLC bought a new stake in Hagerty in the second quarter valued at about $108,000. Blue Trust Inc. increased its stake in Hagerty by 178.6% in the third 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 bought a new stake in Hagerty in the second quarter valued at about $139,000. Finally, PDT Partners LLC bought a new stake in Hagerty in the third quarter valued at about $185,000. 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.