Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 2,117 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,117 shares of Hagerty stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $10.07, for a total value of $21,318.19. Following the completion of the sale, the director now directly owns 4,280,673 shares in the company, valued at $43,106,377.11. This represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hagerty Price Performance

Shares of NYSE:HGTY opened at $10.09 on Tuesday. The business’s 50 day simple moving average is $9.90 and its 200-day simple moving average is $10.66. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 91.73 and a beta of 0.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a 12 month low of $8.27 and a 12 month high of $12.35.

Institutional Investors Weigh In On Hagerty

Several institutional investors have recently modified their holdings of HGTY. Blue Trust Inc. boosted 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 acquiring an additional 6,758 shares in the last quarter. Goldstone Financial Group LLC purchased a new stake in shares of Hagerty during the 3rd quarter worth approximately $236,000. 17 Capital Partners LLC boosted its stake in shares of Hagerty by 10.0% during the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after acquiring an additional 5,000 shares in the last quarter. Meixler Investment Management Ltd. boosted its stake in shares of Hagerty by 9.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after acquiring an additional 2,430 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James lowered 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.