Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,117 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,117 shares of Hagerty stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $10.07, for a total value of $21,318.19. Following the sale, the director now owns 4,280,673 shares in the company, valued at $43,106,377.11. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hagerty Stock Performance

Shares of HGTY stock opened at $10.09 on Tuesday. The stock has a market capitalization of $3.44 billion, a PE ratio of 91.73 and a beta of 0.85. Hagerty, Inc. has a 52-week low of $8.27 and a 52-week high of $12.35. The stock’s 50-day moving average price is $9.90 and its 200 day moving average price is $10.66. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Hedge Funds Weigh In On Hagerty

Several institutional investors have recently added to or reduced their stakes in HGTY. KLP Kapitalforvaltning AS acquired a new position in Hagerty in the 4th quarter valued at about $31,000. Ancora Advisors LLC acquired a new position in Hagerty in the 4th quarter valued at about $46,000. R Squared Ltd purchased a new stake in Hagerty in the 4th quarter valued at approximately $51,000. FMR LLC boosted its holdings in Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Hagerty in the 4th quarter valued at approximately $84,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.