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

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

Hagerty Trading Down 1.4 %

NYSE:HGTY opened at $9.41 on Friday. 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. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 85.55 and a beta of 0.86. The firm has a fifty day simple moving average of $10.81 and a two-hundred day simple moving average of $10.89.

Wall Street Analyst Weigh In

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

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HGTY. FMR LLC grew its stake in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after acquiring an additional 6,700 shares during the period. Algert Global LLC acquired a new stake in Hagerty in the 2nd quarter valued at $108,000. Blue Trust Inc. increased its stake in 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 in the last quarter. Dimensional Fund Advisors LP acquired a new position in Hagerty during the second quarter worth $139,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty in the third quarter valued at $185,000. 20.51% of the stock is owned by institutional investors.

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.