Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 7,061 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,061 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $9.35, for a total value of $66,020.35. Following the completion of the transaction, the director now owns 4,398,439 shares of the company’s stock, valued at approximately $41,125,404.65. This represents a 0.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hagerty Stock Up 2.6 %

Shares of Hagerty stock opened at $9.55 on Wednesday. The company has a market capitalization of $3.26 billion, a PE ratio of 86.82 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $10.78 and a 200-day moving average of $10.89. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35.

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.

Hedge Funds Weigh In On Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position 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 acquiring an additional 76,740 shares during the last quarter. 17 Capital Partners LLC raised 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 valued at $559,000 after buying an additional 5,000 shares during the last quarter. Barclays PLC boosted its position in shares of Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after buying an additional 5,932 shares during the period. Meixler Investment Management Ltd. grew its holdings in Hagerty by 9.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after buying an additional 2,430 shares in the last quarter. Finally, Caz Investments LP increased its position in Hagerty by 66.7% in the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock valued at $258,000 after acquiring an additional 10,000 shares during the period. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.