Hagerty, Inc. (NYSE:HGTY) Director Sells $37,112.46 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,878 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.57, for a total value of $37,112.46. Following the completion of the transaction, the director now directly owns 4,442,459 shares of the company’s stock, valued at $42,514,332.63. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hagerty Price Performance

Shares of HGTY traded up $0.08 during mid-day trading on Tuesday, reaching $9.65. 53,793 shares of the company’s stock were exchanged, compared to its average volume of 81,015. 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 52-week low of $7.68 and a 52-week high of $12.35. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 87.73 and a beta of 0.80. The company has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $10.93.

Institutional Investors Weigh In On Hagerty

A number of large investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Hagerty by 376.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after buying an additional 76,740 shares in the last quarter. Goldstone Financial Group LLC acquired a new stake in Hagerty during the third quarter worth approximately $236,000. Lakewood Asset Management LLC purchased a new stake in Hagerty in the 3rd quarter worth approximately $186,000. PDT Partners LLC acquired a new position in Hagerty in the 3rd quarter valued at $185,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Hagerty during the 2nd quarter worth $139,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James cut 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.