Robert I. Kauffman Sells 3,883 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,883 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $9.64, for a total transaction of $37,432.12. Following the sale, the director now owns 4,381,666 shares in the company, valued at approximately $42,239,260.24. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Hagerty Trading Down 1.0 %

NYSE:HGTY traded down $0.10 during trading hours on Friday, reaching $9.66. The company’s stock had a trading volume of 25,015 shares, compared to its average volume of 57,583. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 87.82 and a beta of 0.86. Hagerty, Inc. has a 1 year low of $7.68 and a 1 year high of $12.35. The firm has a 50-day simple moving average of $10.66 and a 200-day simple moving average of $10.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Hagerty

A number of large investors have recently bought and sold shares of HGTY. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after buying an additional 76,740 shares during the last quarter. Barclays PLC increased its position in shares of Hagerty by 23.0% in the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after acquiring an additional 5,932 shares during the period. FMR LLC raised 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 valued at $68,000 after acquiring an additional 6,700 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Hagerty during the second quarter worth about $108,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Hagerty in the second quarter worth about $139,000. 20.51% of the stock is 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.