Robert I. Kauffman Sells 3,242 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,242 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $10.03, for a total transaction of $32,517.26. Following the transaction, the director now owns 4,285,877 shares in the company, valued at approximately $42,987,346.31. This trade represents a 0.08 % 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 0.3 %

Shares of HGTY stock opened at $10.06 on Wednesday. Hagerty, Inc. has a 52-week low of $8.27 and a 52-week high of $12.35. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 91.45 and a beta of 0.85. 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 firm has a fifty day moving average of $9.88 and a 200-day moving average of $10.66.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Hagerty

A number of hedge funds have recently made changes to their positions in the business. Garde Capital Inc. increased its position in shares of Hagerty by 4.0% during the 4th quarter. Garde Capital Inc. now owns 103,960 shares of the company’s stock worth $1,003,000 after purchasing an additional 3,960 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Hagerty by 7.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company’s stock worth $620,000 after purchasing an additional 4,575 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Hagerty during the 4th quarter worth about $84,000. Ancora Advisors LLC acquired a new stake in shares of Hagerty during the 4th quarter worth about $46,000. Finally, Jane Street Group LLC acquired a new stake in shares of Hagerty during the 4th quarter worth about $230,000. 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.