Robert I. Kauffman Sells 3,883 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,883 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $9.64, for a total value of $37,432.12. Following the completion of the transaction, the director now owns 4,381,666 shares of the company’s stock, valued at $42,239,260.24. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Stock Performance

NYSE HGTY opened at $9.66 on Friday. The stock has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $10.86. The firm has a market capitalization of $3.29 billion, a P/E ratio of 87.82 and a beta of 0.86. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two 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.

Hedge Funds Weigh In On Hagerty

A number of institutional investors have recently modified their holdings of the stock. Lincoln Capital LLC raised its stake in shares of Hagerty by 6.7% during the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after buying an additional 31,068 shares during the last quarter. Barclays PLC grew its position in shares of Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after acquiring an additional 5,932 shares during the period. PDT Partners LLC acquired a new stake in shares of Hagerty during the 3rd quarter valued at about $185,000. Caz Investments LP grew its position in shares of Hagerty by 66.7% during 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. Finally, FMR LLC grew its position in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after acquiring an additional 6,700 shares during the period. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James lowered 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.