Hagerty, Inc. (NYSE:HGTY) Director Sells $26,816.26 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,687 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $9.98, for a total value of $26,816.26. Following the completion of the sale, the director now directly owns 4,449,856 shares of the company’s stock, valued at approximately $44,409,562.88. This trade represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Stock Down 1.1 %

NYSE:HGTY traded down $0.11 on Thursday, hitting $10.00. 57,432 shares of the company’s stock traded hands, compared to its average volume of 81,474. The firm has a 50-day moving average price of $11.04 and a 200-day moving average price of $10.93. Hagerty, Inc. has a 1 year low of $7.68 and a 1 year high of $12.35. The company has a market cap of $3.41 billion, a PE ratio of 90.91 and a beta of 0.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

Separately, Raymond James cut shares of Hagerty from a “market perform” rating to an “underperform” rating in a research note on Thursday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Meixler Investment Management Ltd. lifted its position in Hagerty by 9.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after purchasing an additional 2,430 shares during the period. 17 Capital Partners LLC grew its position in shares of Hagerty by 10.0% in the 3rd 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 increased its position in shares of Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares in the last quarter. FMR LLC raised its stake in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the period. Finally, Blue Trust Inc. lifted its stake in Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after acquiring an additional 6,758 shares in the last quarter. 20.51% of the stock is owned by institutional investors and hedge funds.

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.