Robert I. Kauffman Sells 2,407 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,407 shares of Hagerty stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $9.69, for a total value of $23,323.83. Following the completion of the transaction, the director now owns 4,375,960 shares in the company, valued at approximately $42,403,052.40. This represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hagerty Stock Down 1.0 %

Shares of NYSE:HGTY opened at $9.66 on Friday. Hagerty, Inc. has a 52-week low of $7.68 and a 52-week high of $12.35. The company has a market capitalization of $3.29 billion, a PE ratio of 87.82 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. The company has a fifty day moving average of $10.63 and a 200-day moving average of $10.86.

Hedge Funds Weigh In On Hagerty

A number of institutional investors and hedge funds have recently bought and sold shares of HGTY. Lincoln Capital LLC boosted its stake in shares of Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after purchasing an additional 31,068 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Hagerty by 376.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after buying an additional 76,740 shares during the last quarter. 17 Capital Partners LLC boosted its position in Hagerty by 10.0% during the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after buying an additional 5,000 shares during the period. Barclays PLC grew its holdings in Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares during the last quarter. Finally, Meixler Investment Management Ltd. grew its holdings in Hagerty by 9.7% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.