Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 3,242 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,242 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $10.03, for a total transaction of $32,517.26. Following the completion of the transaction, the director now directly owns 4,285,877 shares in the company, valued at $42,987,346.31. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hagerty Stock Performance

Shares of HGTY opened at $10.06 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Hagerty, Inc. has a twelve month low of $8.27 and a twelve month high of $12.35. The firm’s 50 day moving average price is $9.88 and its two-hundred day moving average price is $10.66. The firm has a market cap of $3.43 billion, a P/E ratio of 91.45 and a beta of 0.85.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Meixler Investment Management Ltd. lifted its stake in Hagerty by 9.7% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after buying an additional 2,430 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Hagerty by 35.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock valued at $100,000 after buying an additional 2,726 shares in the last quarter. Swiss National Bank lifted its stake in Hagerty by 6.0% in the fourth quarter. Swiss National Bank now owns 53,000 shares of the company’s stock valued at $511,000 after buying an additional 3,000 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Hagerty in the fourth quarter valued at approximately $31,000. Finally, Garde Capital Inc. raised its holdings in shares of Hagerty by 4.0% in the fourth quarter. Garde Capital Inc. now owns 103,960 shares of the company’s stock valued at $1,003,000 after purchasing an additional 3,960 shares during the last quarter. Institutional investors own 20.51% of the company’s stock.

About Hagerty

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.