Hagerty, Inc. (NYSE:HGTY) Director Sells $32,859.27 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,231 shares of Hagerty stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $10.17, for a total value of $32,859.27. Following the transaction, the director now owns 4,308,961 shares of the company’s stock, valued at $43,822,133.37. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hagerty Trading Down 0.6 %

Shares of HGTY stock opened at $10.10 on Wednesday. The firm has a 50 day moving average price of $10.10 and a two-hundred day moving average price of $10.71. 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 $3.44 billion, a PE ratio of 91.77 and a beta of 0.85. Hagerty, Inc. has a 12-month low of $8.11 and a 12-month high of $12.35.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Hagerty

Several hedge funds have recently bought and sold shares of HGTY. KLP Kapitalforvaltning AS acquired a new stake in Hagerty during the fourth quarter worth approximately $31,000. R Squared Ltd acquired a new stake in Hagerty during the fourth quarter worth approximately $51,000. FMR LLC lifted its position in Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after acquiring an additional 6,700 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Hagerty by 35.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after acquiring an additional 2,726 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Hagerty by 178.6% during the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after acquiring an additional 6,758 shares during the last quarter. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.