Hagerty, Inc. (NYSE:HGTY) Director Sells $21,318.19 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,117 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $10.07, for a total transaction of $21,318.19. Following the completion of the sale, the director now owns 4,280,673 shares in the company, valued at $43,106,377.11. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hagerty Trading Down 0.5 %

NYSE:HGTY opened at $10.07 on Thursday. The stock has a fifty day simple moving average of $9.87 and a 200 day simple moving average of $10.66. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 91.50 and a beta of 0.85. Hagerty, Inc. has a 1-year low of $8.30 and a 1-year high of $12.35. 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 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.

Institutional Trading of Hagerty

A number of hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC increased its position in shares of Hagerty by 11.4% in the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock worth $45,598,000 after acquiring an additional 483,324 shares in the last quarter. Markel Group Inc. boosted its stake in Hagerty by 3.6% in the 4th quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after purchasing an additional 108,000 shares during the period. Pembroke Management LTD purchased a new position in Hagerty during the 4th quarter worth approximately $9,201,000. Lincoln Capital LLC raised its stake in Hagerty by 6.7% during the 4th 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. Finally, Renaissance Technologies LLC raised its stake in Hagerty by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock valued at $1,871,000 after purchasing an additional 34,500 shares during the period. 20.51% of the stock is owned by hedge funds and other institutional investors.

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.