Hagerty, Inc. (NYSE:HGTY) Director Sells $21,318.19 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,117 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $10.07, for a total transaction of $21,318.19. Following the completion of the transaction, the director now owns 4,280,673 shares of the company’s stock, valued at approximately $43,106,377.11. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hagerty Price Performance

Shares of NYSE HGTY opened at $10.07 on Thursday. The stock has a market cap of $3.43 billion, a P/E ratio of 91.50 and a beta of 0.85. The firm’s 50-day simple moving average is $9.87 and its 200 day simple moving average is $10.66. Hagerty, Inc. has a fifty-two week low of $8.30 and a fifty-two week high of $12.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently made changes to their positions in HGTY. KLP Kapitalforvaltning AS bought a new position in shares of Hagerty in the fourth quarter valued at approximately $31,000. Ancora Advisors LLC acquired a new stake in Hagerty in the fourth quarter worth approximately $46,000. R Squared Ltd bought a new position in Hagerty during the 4th quarter valued at $51,000. FMR LLC boosted its stake in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Hagerty during the 4th quarter valued at $84,000. 20.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Raymond James downgraded Hagerty from a “market perform” rating to an “underperform” rating in a research report 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.