Robert I. Kauffman Sells 10,461 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 10,461 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $11.54, for a total transaction of $120,719.94. Following the sale, the director now directly owns 4,710,068 shares in the company, valued at $54,354,184.72. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Hagerty Stock Performance

Shares of NYSE:HGTY opened at $11.75 on Thursday. The stock has a market capitalization of $4.01 billion, a P/E ratio of 106.82 and a beta of 0.78. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35. The business has a 50-day moving average price of $10.85 and a two-hundred day moving average price of $10.67.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Hagerty

A number of institutional investors have recently made changes to their positions in the stock. Meixler Investment Management Ltd. lifted its stake in Hagerty by 9.7% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after buying an additional 2,430 shares during the period. Blue Trust Inc. bought a new position in Hagerty during the 2nd quarter worth approximately $39,000. 17 Capital Partners LLC boosted its stake in Hagerty by 10.0% during the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after acquiring an additional 5,000 shares during the last quarter. Barclays PLC grew its holdings in Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after purchasing an additional 5,932 shares during the period. Finally, 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. 20.51% of the stock is 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.