Epoch Investment Partners Inc. Takes $547,000 Position in Hagerty, Inc. (NYSE:HGTY)

Epoch Investment Partners Inc. acquired a new stake in shares of Hagerty, Inc. (NYSE:HGTY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 56,683 shares of the company’s stock, valued at approximately $547,000.

Several other hedge funds have also modified their holdings of HGTY. KLP Kapitalforvaltning AS purchased a new position in Hagerty during the fourth quarter worth approximately $31,000. R Squared Ltd acquired a new position in Hagerty in the fourth quarter valued at $51,000. FMR LLC boosted its holdings in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after acquiring an additional 6,700 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake 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, XTX Topco Ltd acquired a new stake in Hagerty during the fourth quarter worth about $119,000. 20.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HGTY. Raymond James cut Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th. JPMorgan Chase & Co. cut their target price on shares of Hagerty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th.

Hagerty Stock Performance

Shares of NYSE:HGTY opened at $8.61 on Monday. The business’s 50-day simple moving average is $9.34 and its 200 day simple moving average is $10.11. The company has a market cap of $2.94 billion, a P/E ratio of 78.31 and a beta of 0.88. 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 one year low of $6.20 and a one year high of $12.35.

Insider Activity

In other news, Director Robert I. Kauffman sold 9,170 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $9.06, for a total transaction of $83,080.20. Following the completion of the sale, the director now directly owns 4,102,715 shares in the company, valued at $37,170,597.90. This trade represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laurie Harris sold 3,934 shares of Hagerty stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $8.41, for a total value of $33,084.94. Following the sale, the director now directly owns 30,349 shares in the company, valued at approximately $255,235.09. The trade was a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,917 shares of company stock worth $806,375 over the last 90 days. Company insiders own 17.90% 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.