Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $74,819.45 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,985 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $9.37, for a total value of $74,819.45. Following the completion of the sale, the director now directly owns 4,139,691 shares of the company’s stock, valued at $38,788,904.67. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hagerty Stock Down 4.0 %

HGTY stock opened at $8.96 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $9.74 and its 200 day moving average price is $10.36. Hagerty, Inc. has a 52 week low of $8.30 and a 52 week high of $12.35. The company has a market cap of $3.05 billion, a P/E ratio of 81.41 and a beta of 0.84.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Hagerty

Several institutional investors have recently modified their holdings of HGTY. Steward Partners Investment Advisory LLC increased its stake in Hagerty by 35.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock valued at $100,000 after purchasing an additional 2,726 shares in the last quarter. Swiss National Bank grew its holdings in Hagerty by 6.0% in the fourth quarter. Swiss National Bank now owns 53,000 shares of the company’s stock valued at $511,000 after purchasing an additional 3,000 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Hagerty in the fourth quarter valued at $31,000. Garde Capital Inc. raised its stake in shares of Hagerty by 4.0% during the 4th quarter. Garde Capital Inc. now owns 103,960 shares of the company’s stock worth $1,003,000 after buying an additional 3,960 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 worth $620,000 after buying an additional 4,575 shares in the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

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.