Hagerty, Inc. (NYSE:HGTY) Director Sells $66,020.35 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,061 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $9.35, for a total value of $66,020.35. Following the transaction, the director now owns 4,398,439 shares in the company, valued at $41,125,404.65. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hagerty Stock Up 2.6 %

Shares of HGTY traded up $0.24 during trading hours on Tuesday, reaching $9.55. The stock had a trading volume of 40,695 shares, compared to its average volume of 66,737. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The firm has a 50-day simple moving average of $10.78 and a 200 day simple moving average of $10.89. 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 market capitalization of $3.26 billion, a price-to-earnings ratio of 86.82 and a beta of 0.86.

Analysts Set New Price Targets

Separately, Raymond James cut Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

Hedge Funds Weigh In On Hagerty

A number of large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Hagerty by 376.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after buying an additional 76,740 shares during the last quarter. Goldstone Financial Group LLC purchased a new stake in Hagerty in the 3rd quarter valued at $236,000. Lakewood Asset Management LLC purchased a new stake in Hagerty in the 3rd quarter valued at $186,000. PDT Partners LLC purchased a new stake in Hagerty in the 3rd quarter valued at $185,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Hagerty in the 2nd quarter valued at $139,000. 20.51% of the stock is currently 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.