Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 8,918 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,918 shares of Hagerty stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $9.32, for a total transaction of $83,115.76. Following the transaction, the director now directly owns 4,389,521 shares in the company, valued at $40,910,335.72. This represents a 0.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hagerty Stock Performance

NYSE:HGTY opened at $9.55 on Wednesday. The stock has a 50-day moving average price of $10.78 and a 200 day moving average price of $10.89. The stock has a market capitalization of $3.26 billion, a P/E ratio of 86.82 and a beta of 0.86. Hagerty, Inc. has a 12-month low of $7.68 and a 12-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.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meixler Investment Management Ltd. lifted its holdings in shares of Hagerty by 9.7% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after buying an additional 2,430 shares in the last quarter. 17 Capital Partners LLC increased its holdings in Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after acquiring an additional 5,000 shares during the last quarter. Barclays PLC increased its holdings in Hagerty by 23.0% in 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 during the last quarter. FMR LLC lifted its stake in Hagerty by 25,769.2% in the 3rd 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, Blue Trust Inc. boosted its holdings in shares of Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after purchasing an additional 6,758 shares during the last quarter. 20.51% of the stock is currently owned by 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.