Robert I. Kauffman Sells 7,985 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,985 shares of Hagerty stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $9.37, for a total value of $74,819.45. Following the completion of the transaction, the director now owns 4,139,691 shares of the company’s stock, valued at approximately $38,788,904.67. This represents a 0.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hagerty Price Performance

Hagerty stock opened at $8.96 on Friday. The firm has a market capitalization of $3.05 billion, a PE ratio of 81.41 and a beta of 0.84. Hagerty, Inc. has a 12-month low of $8.30 and a 12-month high of $12.35. The firm has a 50-day moving average price of $9.74 and a 200-day moving average price of $10.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

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

Institutional Trading of Hagerty

Several institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC raised its holdings in shares of Hagerty by 11.4% in the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock worth $45,598,000 after buying an additional 483,324 shares during the period. Markel Group Inc. increased its stake in Hagerty by 3.6% in the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after purchasing an additional 108,000 shares during the period. Pembroke Management LTD bought a new stake in shares of Hagerty during the fourth quarter worth $9,201,000. Lincoln Capital LLC boosted its stake in shares of Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after purchasing an additional 31,068 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Hagerty by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock worth $1,871,000 after purchasing an additional 34,500 shares during the last quarter. Institutional investors own 20.51% of the company’s stock.

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.