Robert I. Kauffman Sells 7,985 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,985 shares of Hagerty stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $9.37, for a total transaction of $74,819.45. Following the completion of the transaction, the director now owns 4,139,691 shares of the company’s stock, valued at $38,788,904.67. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Price Performance

Shares of HGTY stock traded up $0.15 during trading hours on Thursday, hitting $9.33. 87,547 shares of the company’s stock were exchanged, compared to its average volume of 79,737. Hagerty, Inc. has a 12-month low of $8.30 and a 12-month high of $12.35. The company has a market capitalization of $3.18 billion, a PE ratio of 84.82 and a beta of 0.84. The business’s 50 day simple moving average is $9.76 and its 200-day simple moving average is $10.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Hagerty

Large investors have recently made changes to their positions in the business. Markel Group Inc. raised its position in shares of Hagerty by 3.6% in the 4th 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. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Hagerty by 376.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after purchasing an additional 76,740 shares in the last quarter. Barclays PLC raised its holdings in Hagerty by 23.0% in the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares in the last quarter. Lincoln Capital LLC lifted its position in Hagerty by 6.7% during the fourth 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 period. Finally, Pembroke Management LTD purchased a new stake in shares of Hagerty in the 4th quarter worth about $9,201,000. 20.51% of the stock is currently owned by institutional investors.

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.