Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 5,278 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,278 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $9.40, for a total transaction of $49,613.20. Following the completion of the sale, the director now directly owns 4,405,500 shares in the company, valued at $41,411,700. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hagerty Stock Performance

NYSE:HGTY opened at $9.41 on Friday. Hagerty, Inc. has a twelve month low of $7.68 and a twelve month high of $12.35. The stock has a market cap of $3.21 billion, a P/E ratio of 85.55 and a beta of 0.86. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $10.84 and its 200 day simple moving average is $10.89.

Institutional Trading of Hagerty

A number of hedge funds have recently modified their holdings of the business. Meixler Investment Management Ltd. boosted its holdings in shares of Hagerty by 9.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after buying an additional 2,430 shares in the last quarter. 17 Capital Partners LLC boosted its stake in Hagerty by 10.0% in 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 in the last quarter. Barclays PLC boosted its stake in Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares in the last quarter. FMR LLC boosted 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. raised its position in 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 buying an additional 6,758 shares during the last quarter. Institutional investors own 20.51% of the company’s stock.

Analysts Set New Price Targets

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

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.