Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,231 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,231 shares of Hagerty stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $10.17, for a total transaction of $32,859.27. Following the transaction, the director now directly owns 4,308,961 shares in the company, valued at approximately $43,822,133.37. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Stock Down 0.6 %

Shares of Hagerty stock opened at $10.16 on Tuesday. Hagerty, Inc. has a 52-week low of $8.11 and a 52-week high of $12.35. The firm’s 50 day moving average price is $10.13 and its 200-day moving average price is $10.72. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.46 billion, a P/E ratio of 92.33 and a beta of 0.85.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Hagerty

Several institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Hagerty in the 4th quarter worth $51,000. FMR LLC boosted 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 acquiring an additional 6,700 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Hagerty by 35.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after acquiring an additional 2,726 shares during the last quarter. Blue Trust Inc. raised its position in shares of 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 purchasing an additional 6,758 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Hagerty in the 2nd quarter worth approximately $139,000. 20.51% of the stock is owned by hedge funds and other institutional investors.

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.