Robert I. Kauffman Sells 3,878 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,878 shares of Hagerty stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.57, for a total value of $37,112.46. Following the completion of the transaction, the director now owns 4,442,459 shares in the company, valued at $42,514,332.63. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hagerty Stock Performance

NYSE:HGTY traded up $0.08 during mid-day trading on Tuesday, reaching $9.65. The stock had a trading volume of 53,793 shares, compared to its average volume of 81,015. Hagerty, Inc. has a twelve month low of $7.68 and a twelve month high of $12.35. The business has a 50 day simple moving average of $10.99 and a 200 day simple moving average of $10.93. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 87.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01.

Analyst Ratings Changes

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

Institutional Trading of Hagerty

Hedge funds have recently modified their holdings of the business. Barclays PLC grew its holdings in Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares during the period. PDT Partners LLC purchased a new stake in shares of Hagerty during the 3rd quarter worth $185,000. Caz Investments LP grew its stake in shares of Hagerty by 66.7% during the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after purchasing an additional 10,000 shares during the period. FMR LLC increased its holdings in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Hagerty by 376.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after purchasing an additional 76,740 shares during the period. 20.51% of the stock is owned by institutional investors and hedge funds.

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.