Robert I. Kauffman Sells 9,170 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 9,170 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $9.06, for a total value of $83,080.20. Following the sale, the director now owns 4,102,715 shares of the company’s stock, valued at approximately $37,170,597.90. The trade was a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hagerty Stock Down 1.0 %

NYSE HGTY opened at $8.99 on Thursday. Hagerty, Inc. has a twelve month low of $8.30 and a twelve month high of $12.35. The stock has a market cap of $3.07 billion, a PE ratio of 81.73 and a beta of 0.84. The firm has a 50-day simple moving average of $9.70 and a 200 day simple moving average of $10.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01.

Institutional Trading of Hagerty

A number of hedge funds have recently modified their holdings of HGTY. Neuberger Berman Group LLC raised its stake in shares of Hagerty by 11.4% in the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock valued at $45,598,000 after purchasing an additional 483,324 shares in the last quarter. Markel Group Inc. raised its stake in shares of Hagerty by 3.6% in the 4th quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock valued at $29,992,000 after buying an additional 108,000 shares in the last quarter. Pembroke Management LTD bought a new position in shares of Hagerty during the 4th quarter worth about $9,201,000. Lincoln Capital LLC boosted its position in shares of Hagerty by 6.7% during the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after acquiring an additional 31,068 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Hagerty by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock worth $1,871,000 after purchasing an additional 34,500 shares in the last quarter. Institutional investors own 20.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James cut 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.