Goldstone Financial Group LLC Sells 4,465 Shares of Hagerty, Inc. (NYSE:HGTY)

Goldstone Financial Group LLC decreased its stake in shares of Hagerty, Inc. (NYSE:HGTY) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,732 shares of the company’s stock after selling 4,465 shares during the period. Goldstone Financial Group LLC’s holdings in Hagerty were worth $181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its holdings in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after purchasing an additional 6,700 shares in the last quarter. Algert Global LLC bought a new position in shares of Hagerty during the second quarter worth about $108,000. Blue Trust Inc. raised its position in Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after buying an additional 6,758 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Hagerty in the 2nd quarter valued at approximately $139,000. Finally, PDT Partners LLC acquired a new position in Hagerty during the 3rd quarter worth approximately $185,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Hagerty Price Performance

NYSE:HGTY opened at $9.66 on Friday. Hagerty, Inc. has a 52-week low of $7.68 and a 52-week high of $12.35. The company has a market cap of $3.29 billion, a P/E ratio of 87.82 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is $10.63 and its 200 day simple moving average is $10.86.

Insider Transactions at Hagerty

In other Hagerty news, Director Robert I. Kauffman sold 2,687 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $9.98, for a total transaction of $26,816.26. Following the transaction, the director now owns 4,449,856 shares of the company’s stock, valued at $44,409,562.88. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 282,174 shares of company stock worth $3,062,576 in the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Hagerty 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.