Hagerty, Inc. (NYSE:HGTY) Director Sells $66,020.35 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,061 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $9.35, for a total value of $66,020.35. Following the transaction, the director now owns 4,398,439 shares of the company’s stock, valued at approximately $41,125,404.65. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Stock Performance

HGTY opened at $9.74 on Friday. The firm has a market capitalization of $3.32 billion, a PE ratio of 88.55 and a beta of 0.86. The firm has a 50 day moving average of $10.69 and a two-hundred day moving average of $10.88. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Meixler Investment Management Ltd. boosted its position in Hagerty by 9.7% during the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after purchasing an additional 2,430 shares in the last quarter. 17 Capital Partners LLC boosted its stake in Hagerty by 10.0% during the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after purchasing an additional 5,000 shares during the last quarter. Barclays PLC grew its stake in Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after acquiring an additional 5,932 shares in the last quarter. FMR LLC increased its holdings in shares of Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after acquiring an additional 6,758 shares during the last quarter. 20.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Raymond James lowered 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.