Epoch Investment Partners Inc. Takes $547,000 Position in Hagerty, Inc. (NYSE:HGTY)

Epoch Investment Partners Inc. purchased a new position in shares of Hagerty, Inc. (NYSE:HGTY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 56,683 shares of the company’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Neuberger Berman Group LLC grew its holdings in shares of Hagerty by 11.4% during the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock worth $45,598,000 after buying an additional 483,324 shares during the last quarter. Markel Group Inc. raised its stake in shares of Hagerty by 3.6% during the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after purchasing an additional 108,000 shares during the last quarter. Pembroke Management LTD acquired a new stake in shares of Hagerty during the fourth quarter worth $9,201,000. Lincoln Capital LLC grew its position in Hagerty by 6.7% in the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after buying an additional 31,068 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Hagerty by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock valued at $1,871,000 after buying an additional 34,500 shares during the period. 20.51% of the stock is owned by hedge funds and other institutional investors.

Hagerty Stock Performance

NYSE HGTY opened at $8.61 on Monday. The business has a 50 day moving average price of $9.34 and a 200 day moving average price of $10.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $2.94 billion, a P/E ratio of 78.31 and a beta of 0.88. Hagerty, Inc. has a 1-year low of $6.20 and a 1-year high of $12.35.

Analyst Ratings Changes

Several analysts have recently weighed in on HGTY shares. Raymond James downgraded shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th. JPMorgan Chase & Co. cut their target price on Hagerty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th.

Insider Activity

In other news, Director Robert I. Kauffman sold 3,301 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $9.62, for a total transaction of $31,755.62. Following the completion of the transaction, the director now directly owns 4,372,659 shares of the company’s stock, valued at $42,064,979.58. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laurie Harris sold 3,934 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $8.41, for a total value of $33,084.94. Following the completion of the sale, the director now directly owns 30,349 shares in the company, valued at approximately $255,235.09. The trade was a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 83,917 shares of company stock worth $806,375 over the last 90 days. 17.90% of the stock is currently owned by corporate insiders.

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.