Robert I. Kauffman Sells 3,861 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,861 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $10.21, for a total value of $39,420.81. Following the completion of the transaction, the director now owns 4,312,192 shares in the company, valued at $44,027,480.32. The trade was a 0.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hagerty Stock Down 0.6 %

Shares of HGTY opened at $10.10 on Wednesday. Hagerty, Inc. has a 52-week low of $8.11 and a 52-week high of $12.35. The company has a market capitalization of $3.44 billion, a PE ratio of 91.77 and a beta of 0.85. The stock has a fifty day simple moving average of $10.10 and a two-hundred day simple moving average of $10.71. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

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

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Meixler Investment Management Ltd. increased its stake in shares of Hagerty by 9.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after acquiring an additional 2,430 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Hagerty by 35.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after acquiring an additional 2,726 shares during the last quarter. Swiss National Bank increased its stake in shares of Hagerty by 6.0% in the 4th quarter. Swiss National Bank now owns 53,000 shares of the company’s stock worth $511,000 after acquiring an additional 3,000 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Hagerty in the 4th quarter worth $31,000. Finally, 17 Capital Partners LLC increased its position in shares of 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 during the last quarter. 20.51% of the stock is owned by institutional investors and hedge funds.

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.