Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 62,342 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 62,342 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.21, for a total value of $698,853.82. Following the completion of the transaction, the director now owns 4,757,757 shares in the company, valued at $53,334,455.97. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Stock Performance

Shares of NYSE HGTY opened at $11.51 on Friday. The company has a market cap of $3.93 billion, a P/E ratio of 104.64 and a beta of 0.78. Hagerty, Inc. has a 52-week low of $7.68 and a 52-week high of $12.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $10.83 and its two-hundred day moving average is $10.63.

Analyst Ratings Changes

Separately, Truist Financial boosted their price target on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, August 8th.

Institutional Investors Weigh In On Hagerty

Large investors have recently made changes to their positions in the company. Blue Trust Inc. bought a new position in Hagerty during the second quarter valued at approximately $39,000. FMR LLC raised its holdings in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after acquiring an additional 6,700 shares in the last quarter. Algert Global LLC bought a new position in shares of Hagerty during the 2nd quarter valued at approximately $108,000. Dimensional Fund Advisors LP purchased a new position in shares of Hagerty in the second quarter valued at $139,000. Finally, PDT Partners LLC bought a new stake in Hagerty in the third quarter worth $185,000. 20.51% of the stock is owned by institutional investors.

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.