Hagerty, Inc. (NYSE:HGTY) Director Sells $37,432.12 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,883 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $9.64, for a total transaction of $37,432.12. Following the completion of the transaction, the director now directly owns 4,381,666 shares of the company’s stock, valued at approximately $42,239,260.24. 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 hyperlink.

Hagerty Stock Down 1.0 %

Shares of HGTY traded down $0.10 during mid-day trading on Friday, reaching $9.66. The company had a trading volume of 25,015 shares, compared to its average volume of 57,583. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50-day moving average price of $10.66 and a 200 day moving average price of $10.87. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 87.82 and a beta of 0.86.

Institutional Trading of Hagerty

A number of institutional investors and hedge funds have recently modified their holdings of HGTY. Connor Clark & Lunn Investment Management Ltd. lifted 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 valued at $988,000 after purchasing an additional 76,740 shares in the last quarter. Barclays PLC grew its stake in shares of Hagerty by 23.0% in the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares during the period. FMR LLC raised its holdings in shares of Hagerty by 25,769.2% during the third 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 bought a new stake in Hagerty in the 2nd quarter worth approximately $108,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Hagerty during the 2nd quarter valued at $139,000. Institutional investors own 20.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James cut Hagerty from a “market perform” rating to an “underperform” rating in a research note 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.