Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 62,342 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 62,342 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $11.21, for a total transaction of $698,853.82. Following the completion of the transaction, the director now owns 4,757,757 shares in the company, valued at approximately $53,334,455.97. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hagerty Price Performance

Shares of HGTY traded down $0.07 during midday trading on Friday, reaching $11.44. The stock had a trading volume of 20,323 shares, compared to its average volume of 81,206. The firm’s 50 day moving average price is $10.82 and its 200-day moving average price is $10.60. The company has a market capitalization of $3.90 billion, a P/E ratio of 104.18 and a beta of 0.78. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week 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.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Hagerty

A number of institutional investors and hedge funds have recently bought and sold shares of HGTY. Blue Trust Inc. acquired a new position in shares of Hagerty in the 2nd quarter worth approximately $39,000. FMR LLC boosted its holdings 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 buying an additional 6,700 shares in the last quarter. Algert Global LLC acquired a new position in Hagerty in the second quarter worth approximately $108,000. Dimensional Fund Advisors LP bought a new position in shares of Hagerty in the second quarter valued at $139,000. Finally, PDT Partners LLC acquired a new stake in shares of Hagerty during the 3rd quarter valued at $185,000. 20.51% of the stock is owned by institutional investors and hedge funds.

Hagerty Company Profile

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.