Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $53,765.43 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,077 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $10.59, for a total value of $53,765.43. Following the sale, the director now owns 4,481,905 shares of the company’s stock, valued at approximately $47,463,373.95. This represents a 0.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Stock Performance

NYSE:HGTY opened at $10.11 on Thursday. The stock has a 50 day simple moving average of $11.04 and a 200 day simple moving average of $10.93. The stock has a market cap of $3.45 billion, a P/E ratio of 91.91 and a beta of 0.80. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Hagerty

Hedge funds and other institutional investors have recently modified their holdings of the company. Meixler Investment Management Ltd. increased its position in Hagerty by 9.7% during the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after acquiring an additional 2,430 shares during the period. 17 Capital Partners LLC increased its holdings in shares of Hagerty by 10.0% during the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after purchasing an additional 5,000 shares during the period. Barclays PLC raised its position in shares of Hagerty by 23.0% in the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after buying an additional 5,932 shares in the last quarter. FMR LLC raised its position in shares of 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 buying an additional 6,700 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Hagerty by 178.6% in the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after buying an additional 6,758 shares during the period. Institutional investors and hedge funds 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.