Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 11,046 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 11,046 shares of Hagerty stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $10.13, for a total value of $111,895.98. Following the transaction, the director now owns 4,454,010 shares in the company, valued at approximately $45,119,121.30. This represents a 0.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hagerty Price Performance

Hagerty stock opened at $10.11 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $11.05 and a 200 day moving average price of $10.94. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. The stock has a market cap of $3.45 billion, a P/E ratio of 91.91 and a beta of 0.80.

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently made changes to their positions in HGTY. Meixler Investment Management Ltd. lifted its holdings 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 acquiring an additional 2,430 shares during the last quarter. 17 Capital Partners LLC raised its position in Hagerty by 10.0% in the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after purchasing an additional 5,000 shares during the period. Barclays PLC lifted its stake in shares of Hagerty by 23.0% in the 3rd 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 last quarter. FMR LLC grew 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 purchasing an additional 6,700 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after purchasing an additional 6,758 shares during the period. 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.