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 Hagerty stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $9.18, for a total transaction of $80,196.48. Following the sale, the director now owns 4,121,185 shares in the company, valued at $37,832,478.30. This represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hagerty Trading Up 1.6 %

Shares of HGTY stock opened at $9.33 on Friday. The business’s 50 day moving average is $9.75 and its two-hundred day moving average is $10.38. Hagerty, Inc. has a twelve month low of $8.30 and a twelve month high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.18 billion, a P/E ratio of 84.82 and a beta of 0.84.

Hedge Funds Weigh In On Hagerty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Hagerty during the 4th quarter valued at approximately $31,000. Ancora Advisors LLC acquired a new position in Hagerty during the fourth quarter worth $46,000. R Squared Ltd acquired a new position in Hagerty during the fourth quarter worth $51,000. FMR LLC boosted its position in Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after purchasing an additional 6,700 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Hagerty in the fourth quarter valued at $84,000. 20.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Raymond James cut Hagerty from a “market perform” rating to an “underperform” rating in a research 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.