Robert I. Kauffman Sells 3,883 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,883 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $9.64, for a total value of $37,432.12. Following the transaction, the director now directly owns 4,381,666 shares in the company, valued at $42,239,260.24. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hagerty Price Performance

Shares of NYSE:HGTY opened at $9.66 on Friday. 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. The business has a 50-day moving average of $10.63 and a two-hundred day moving average of $10.86. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $12.35.

Institutional Investors Weigh In On Hagerty

Several institutional investors and hedge funds have recently added to or reduced their stakes in HGTY. Dimensional Fund Advisors LP bought a new stake in Hagerty during the second quarter valued at about $139,000. Algert Global LLC acquired a new position in shares of Hagerty during the 2nd quarter worth about $108,000. Lakewood Asset Management LLC bought a new stake in Hagerty during the 3rd quarter valued at approximately $186,000. Blue Trust Inc. grew its holdings in Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after buying an additional 6,758 shares during the last quarter. Finally, Goldstone Financial Group LLC bought a new position in Hagerty in the 3rd quarter worth approximately $236,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James cut shares of Hagerty from a “market perform” rating to an “underperform” rating in a report 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.