Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 8,179 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,179 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $9.10, for a total value of $74,428.90. Following the sale, the director now directly owns 4,084,967 shares of the company’s stock, valued at $37,173,199.70. The trade was a 0.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Price Performance

NYSE:HGTY opened at $8.83 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a one year low of $8.03 and a one year high of $12.35. The company has a fifty day moving average price of $9.17 and a 200 day moving average price of $10.03. The stock has a market cap of $3.01 billion, a P/E ratio of 80.27 and a beta of 0.88.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their target price on Hagerty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th.

Institutional Trading of Hagerty

Several hedge funds and other institutional investors have recently bought and sold shares of HGTY. KLP Kapitalforvaltning AS acquired a new stake in Hagerty in the 4th quarter worth $31,000. Ancora Advisors LLC acquired a new stake in Hagerty in the 4th quarter worth $46,000. R Squared Ltd acquired a new stake in Hagerty in the 4th quarter worth $51,000. BNP Paribas Financial Markets bought a new position in shares of Hagerty during the 4th quarter worth about $84,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Hagerty by 35.9% during the 4th 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 period. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.