Lincoln Capital LLC Purchases 31,068 Shares of Hagerty, Inc. (NYSE:HGTY)

Lincoln Capital LLC boosted its holdings in shares of Hagerty, Inc. (NYSE:HGTY) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 494,495 shares of the company’s stock after acquiring an additional 31,068 shares during the period. Hagerty makes up approximately 1.0% of Lincoln Capital LLC’s investment portfolio, making the stock its 24th largest holding. Lincoln Capital LLC owned 0.14% of Hagerty worth $4,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hagerty by 376.1% during 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 in the last quarter. 17 Capital Partners LLC increased its stake in Hagerty by 10.0% during 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 raised its holdings in Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after buying an additional 5,932 shares during the period. Meixler Investment Management Ltd. lifted its stake in Hagerty by 9.7% in the third 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. Finally, Caz Investments LP boosted its holdings in shares of Hagerty by 66.7% in the third quarter. Caz Investments LP now owns 25,000 shares of the company’s stock valued at $258,000 after buying an additional 10,000 shares during the period. 20.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hagerty

In other news, Director Robert I. Kauffman sold 3,883 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $9.64, for a total transaction of $37,432.12. Following the completion of the transaction, the director now directly owns 4,381,666 shares in the company, valued at $42,239,260.24. This represents a 0.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 279,091 shares of company stock worth $3,030,297. Corporate insiders own 17.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hagerty Stock Down 1.0 %

HGTY stock opened at $9.66 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $3.29 billion, a P/E ratio of 87.82 and a beta of 0.86. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $12.35. The business has a 50-day moving average of $10.63 and a 200-day moving average of $10.86.

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.