Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 8,736 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,736 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $9.18, for a total transaction of $80,196.48. Following the transaction, the director now directly owns 4,121,185 shares in the company, valued at $37,832,478.30. The trade was a 0.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Hagerty Trading Up 1.6 %

HGTY stock opened at $9.33 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 84.82 and a beta of 0.84. The business has a fifty day simple moving average of $9.75 and a 200-day simple moving average of $10.38. Hagerty, Inc. has a 52 week low of $8.30 and a 52 week high of $12.35.

Institutional Investors Weigh In On Hagerty

Institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in shares of Hagerty in the 4th quarter worth about $31,000. Ancora Advisors LLC acquired a new stake in Hagerty during the 4th quarter worth approximately $46,000. R Squared Ltd purchased a new position in Hagerty in the fourth quarter valued at approximately $51,000. FMR LLC lifted its position in Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after buying an additional 6,700 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Hagerty during the fourth quarter worth approximately $84,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Wall Street Analyst Weigh In

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

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.