Hagerty, Inc. (NYSE:HGTY) Director Sells $36,931.83 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,653 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $10.11, for a total transaction of $36,931.83. Following the sale, the director now owns 4,296,010 shares of the company’s stock, valued at $43,432,661.10. This represents a 0.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Stock Performance

NYSE:HGTY opened at $10.08 on Friday. The stock has a market capitalization of $3.44 billion, a P/E ratio of 91.65 and a beta of 0.85. 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 fifty-two week low of $8.27 and a fifty-two week high of $12.35. The company has a 50 day moving average price of $9.94 and a 200 day moving average price of $10.67.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Hagerty in the 4th quarter valued at $31,000. Ancora Advisors LLC purchased a new position in Hagerty during the 4th quarter valued at about $46,000. R Squared Ltd acquired a new position in Hagerty in the 4th quarter valued at about $51,000. FMR LLC increased its stake in 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 purchasing an additional 6,700 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Hagerty during the fourth quarter worth about $84,000. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

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.