Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 4,277 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,277 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.10, for a total transaction of $43,197.70. Following the transaction, the director now directly owns 4,291,733 shares of the company’s stock, valued at approximately $43,346,503.30. This trade represents a 0.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Price Performance

HGTY stock opened at $10.10 on Thursday. The business’s fifty day moving average price is $9.96 and its 200 day moving average price is $10.68. Hagerty, Inc. has a 12-month low of $8.27 and a 12-month high of $12.35. 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 has a market capitalization of $3.44 billion, a PE ratio of 91.77 and a beta of 0.85.

Institutional Trading of Hagerty

A number of institutional investors and hedge funds have recently bought and sold shares of HGTY. Neuberger Berman Group LLC grew its holdings in shares of Hagerty by 11.4% in the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock valued at $45,598,000 after purchasing an additional 483,324 shares in the last quarter. Markel Group Inc. grew its stake in shares of Hagerty by 3.6% in the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after acquiring an additional 108,000 shares in the last quarter. Pembroke Management LTD purchased a new stake in shares of Hagerty during the fourth quarter worth $9,201,000. Lincoln Capital LLC raised its stake in shares of Hagerty by 6.7% in 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Hagerty by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock valued at $1,871,000 after purchasing an additional 34,500 shares during the period. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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