Robert I. Kauffman Sells 1,215 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 1,215 shares of Hagerty stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.07, for a total value of $11,020.05. Following the completion of the sale, the director now owns 4,093,146 shares of the company’s stock, valued at approximately $37,124,834.22. The trade was a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Stock Performance

HGTY stock opened at $8.40 on Friday. Hagerty, Inc. has a twelve month low of $8.20 and a twelve month 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. The company has a market cap of $2.86 billion, a P/E ratio of 76.32 and a beta of 0.84. The business’s fifty day moving average is $9.65 and its 200-day moving average is $10.29.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hagerty

Several hedge funds have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new position in shares of Hagerty during the 4th quarter worth about $31,000. Ancora Advisors LLC bought a new position in Hagerty during the 4th quarter worth approximately $46,000. R Squared Ltd acquired a new position in Hagerty during the fourth quarter valued at approximately $51,000. FMR LLC increased its stake in Hagerty by 25,769.2% in the third 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 stake in Hagerty in the fourth quarter worth $84,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

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.