Robert I. Kauffman Sells 7,061 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,061 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $9.35, for a total value of $66,020.35. Following the completion of the transaction, the director now directly owns 4,398,439 shares of the company’s stock, valued at $41,125,404.65. This represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hagerty Trading Up 2.6 %

HGTY stock traded up $0.24 during trading on Tuesday, hitting $9.55. The company had a trading volume of 40,695 shares, compared to its average volume of 66,737. The business has a 50-day moving average of $10.78 and a 200-day moving average of $10.89. Hagerty, Inc. has a one year low of $7.68 and a one year high of $12.35. The stock has a market cap of $3.26 billion, a PE ratio of 86.82 and a beta of 0.86. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

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

Institutional Trading of Hagerty

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares in the last quarter. Algert Global LLC bought a new position in shares of Hagerty during the 2nd quarter worth approximately $108,000. Blue Trust Inc. boosted its holdings in shares of Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after buying an additional 6,758 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Hagerty during the 2nd quarter worth approximately $139,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty during the 3rd quarter worth approximately $185,000. 20.51% of the stock is currently 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.