Caz Investments LP Sells 15,000 Shares of Hagerty, Inc. (NYSE:HGTY)

Caz Investments LP lessened its holdings in Hagerty, Inc. (NYSE:HGTY) by 60.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,000 shares of the company’s stock after selling 15,000 shares during the period. Hagerty accounts for approximately 0.1% of Caz Investments LP’s portfolio, making the stock its 13th largest holding. Caz Investments LP’s holdings in Hagerty were worth $97,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HGTY. Markel Group Inc. increased its position in shares of Hagerty by 3.6% during the 4th quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock valued at $29,992,000 after purchasing an additional 108,000 shares during the last quarter. Lincoln Capital LLC grew its position in Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after acquiring an additional 31,068 shares during the last quarter. Barclays PLC raised its stake 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 acquiring an additional 5,932 shares in the last quarter. Pembroke Management LTD purchased a new position in shares of Hagerty during the fourth quarter worth approximately $9,201,000. Finally, FMR LLC lifted its holdings in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after acquiring an additional 6,700 shares during the last quarter. Institutional investors own 20.51% of the company’s stock.

Hagerty Trading Down 4.0 %

Shares of HGTY opened at $8.96 on Friday. The firm has a fifty day simple moving average of $9.74 and a two-hundred day simple moving average of $10.36. Hagerty, Inc. has a twelve month low of $8.30 and a twelve month high of $12.35. The stock has a market capitalization of $3.05 billion, a P/E ratio of 81.41 and a beta of 0.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Insider Transactions at Hagerty

In related news, Director Robert I. Kauffman sold 8,736 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $9.18, for a total transaction of $80,196.48. Following the completion of the transaction, the director now owns 4,121,185 shares in the company, valued at $37,832,478.30. This represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 115,309 shares of company stock worth $1,115,200. Company insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

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