Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 9,170 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 9,170 shares of Hagerty stock in a transaction on Monday, March 31st. The shares were sold at an average price of $9.06, for a total value of $83,080.20. Following the transaction, the director now directly owns 4,102,715 shares of the company’s stock, valued at approximately $37,170,597.90. The trade was a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hagerty Trading Down 1.0 %

HGTY stock opened at $8.99 on Thursday. The business has a fifty day moving average of $9.70 and a 200-day moving average of $10.32. The company has a market cap of $3.07 billion, a P/E ratio of 81.73 and a beta of 0.84. Hagerty, Inc. has a twelve month low of $8.30 and a twelve month 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.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Hagerty during the 4th quarter worth approximately $31,000. Ancora Advisors LLC acquired a new position in shares of Hagerty in the 4th quarter valued at $46,000. R Squared Ltd bought a new position in shares of Hagerty in the 4th quarter worth $51,000. FMR LLC grew its stake 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 purchasing an additional 6,700 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in Hagerty in the fourth quarter valued at about $84,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.