Hagerty, Inc. (NYSE:HGTY) Director Sells $59,032.26 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 6,111 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.66, for a total transaction of $59,032.26. Following the transaction, the director now owns 4,417,368 shares of the company’s stock, valued at $42,671,774.88. This trade represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hagerty Stock Up 0.7 %

Shares of NYSE:HGTY opened at $9.55 on Thursday. 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 company has a market capitalization of $3.26 billion, a P/E ratio of 86.82 and a beta of 0.86. Hagerty, Inc. has a 52-week low of $7.68 and a 52-week high of $12.35. The stock’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $10.90.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings 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 buying an additional 5,932 shares in the last quarter. PDT Partners LLC acquired a new stake in Hagerty during the third quarter worth approximately $185,000. Caz Investments LP grew its stake in Hagerty by 66.7% in the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after acquiring an additional 10,000 shares during the period. FMR LLC raised its holdings in 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 acquiring an additional 6,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after purchasing an additional 76,740 shares during the period. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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