Robert I. Kauffman Sells 67,590 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 67,590 shares of Hagerty stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $11.17, for a total transaction of $754,980.30. Following the completion of the transaction, the director now owns 4,832,126 shares in the company, valued at approximately $53,974,847.42. This trade represents a 1.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hagerty Stock Performance

Hagerty stock opened at $11.51 on Friday. The company’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $10.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The stock has a market cap of $3.93 billion, a P/E ratio of 104.64 and a beta of 0.78.

Institutional Investors Weigh In On Hagerty

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. acquired a new stake in shares of Hagerty in the 2nd quarter valued at $39,000. FMR LLC lifted its stake in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Hagerty in the 2nd quarter valued at $108,000. Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty in the 2nd quarter valued at $139,000. Finally, PDT Partners LLC acquired a new stake in shares of Hagerty in the 3rd quarter valued at $185,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their price objective on shares of Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th.

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.