Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $43,197.70 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,277 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.10, for a total transaction of $43,197.70. Following the sale, the director now owns 4,291,733 shares of the company’s stock, valued at approximately $43,346,503.30. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hagerty Stock Performance

Shares of Hagerty stock opened at $10.04 on Friday. The firm has a market cap of $3.42 billion, a PE ratio of 91.27 and a beta of 0.85. Hagerty, Inc. has a 52 week low of $8.27 and a 52 week high of $12.35. The business’s fifty day simple moving average is $9.92 and its 200-day simple moving average is $10.67. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hagerty by 376.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after acquiring an additional 76,740 shares during the last quarter. Lincoln Capital LLC raised its position in Hagerty by 6.7% in the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after purchasing an additional 31,068 shares during the period. Barclays PLC lifted its stake in Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares in the last quarter. FMR LLC boosted its position in shares of 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 buying an additional 6,700 shares during the period. Finally, Pembroke Management LTD acquired a new stake in shares of Hagerty in the fourth quarter valued at $9,201,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

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.