Robert I. Kauffman Sells 3,653 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,653 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.11, for a total transaction of $36,931.83. Following the completion of the transaction, the director now directly owns 4,296,010 shares in the company, valued at $43,432,661.10. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hagerty Trading Up 0.2 %

NYSE HGTY traded up $0.03 on Wednesday, reaching $10.10. The company had a trading volume of 28,007 shares, compared to its average volume of 47,460. 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 $8.27 and a 52 week high of $12.35. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 91.77 and a beta of 0.85. The stock’s 50 day moving average is $9.98 and its 200-day moving average is $10.68.

Institutional Trading of Hagerty

A number of institutional investors and hedge funds have recently modified their holdings of HGTY. Meixler Investment Management Ltd. boosted its stake in Hagerty by 9.7% during the 3rd 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 last quarter. Steward Partners Investment Advisory LLC raised its holdings in Hagerty by 35.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after purchasing an additional 2,726 shares during the period. Swiss National Bank boosted its position in shares of Hagerty by 6.0% during the fourth quarter. Swiss National Bank now owns 53,000 shares of the company’s stock worth $511,000 after purchasing an additional 3,000 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Hagerty in the 4th quarter valued at $31,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Hagerty by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company’s stock valued at $620,000 after buying an additional 4,575 shares during the period. 20.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James lowered shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

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.