Hagerty, Inc. (NYSE:HGTY) Director Sells $43,197.70 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,277 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.10, for a total value 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 represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Hagerty Stock Performance

NYSE HGTY traded up $0.03 during trading hours on Wednesday, hitting $10.10. The company had a trading volume of 28,007 shares, compared to its average volume of 47,460. The business has a 50 day moving average of $9.98 and a 200-day moving average of $10.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Hagerty, Inc. has a 1-year low of $8.27 and a 1-year high of $12.35. The company has a market cap of $3.44 billion, a PE ratio of 91.77 and a beta of 0.85.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Hagerty

A number of large investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Hagerty in the fourth quarter valued at approximately $31,000. Ancora Advisors LLC purchased a new position in Hagerty during the 4th quarter worth $46,000. R Squared Ltd purchased a new stake in shares of Hagerty in the fourth quarter valued at about $51,000. FMR LLC boosted its stake in shares of Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Hagerty during the fourth quarter worth about $84,000. 20.51% of the stock is owned by institutional investors and hedge funds.

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.