Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 5,278 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,278 shares of Hagerty stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $9.40, for a total value of $49,613.20. Following the transaction, the director now directly owns 4,405,500 shares in the company, valued at approximately $41,411,700. The trade was a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hagerty Stock Performance

HGTY stock opened at $9.41 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.21 billion, a PE ratio of 85.55 and a beta of 0.86. The business has a 50 day moving average of $10.81 and a 200-day moving average of $10.89. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35.

Institutional Investors Weigh In On Hagerty

Large investors have recently made changes to their positions in the business. FMR LLC grew its position in Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after buying an additional 6,700 shares during the period. Algert Global LLC bought a new position in shares of Hagerty during the 2nd quarter valued at approximately $108,000. Blue Trust Inc. increased its stake 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 last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Hagerty in the 2nd quarter worth approximately $139,000. Finally, PDT Partners LLC purchased a new position in Hagerty in the third quarter valued at approximately $185,000. 20.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.