Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 10,461 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 10,461 shares of Hagerty stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $11.54, for a total value of $120,719.94. Following the transaction, the director now owns 4,710,068 shares of the company’s stock, valued at $54,354,184.72. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hagerty Stock Performance

HGTY opened at $11.70 on Wednesday. The business has a fifty day simple moving average of $10.84 and a 200 day simple moving average of $10.65. The company has a market capitalization of $3.99 billion, a PE ratio of 106.09 and a beta of 0.78. Hagerty, Inc. has a 1 year low of $7.68 and a 1 year high of $12.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

Analyst Ratings Changes

Separately, Truist Financial boosted their price target on Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, August 8th.

Institutional Trading of Hagerty

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Hagerty by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after purchasing an additional 21,331 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hagerty by 376.1% in the 3rd 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. 17 Capital Partners LLC raised 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 in the last quarter. Barclays PLC raised 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 in the last quarter. Finally, Meixler Investment Management Ltd. raised its holdings in Hagerty by 9.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after acquiring an additional 2,430 shares in 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.