Robert I. Kauffman Sells 7,985 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,985 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $9.37, for a total value of $74,819.45. Following the completion of the transaction, the director now owns 4,139,691 shares in the company, valued at approximately $38,788,904.67. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hagerty Trading Down 4.0 %

Shares of HGTY stock opened at $8.96 on Friday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 81.41 and a beta of 0.84. 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 firm has a fifty day moving average price of $9.74 and a 200-day moving average price of $10.36. Hagerty, Inc. has a 1 year low of $8.30 and a 1 year high of $12.35.

Analyst Ratings Changes

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

Institutional Trading of Hagerty

Hedge funds have recently bought and sold shares of the stock. Pembroke Management LTD bought a new position in shares of Hagerty during the 4th quarter valued at approximately $9,201,000. Neuberger Berman Group LLC raised its holdings in Hagerty by 11.4% during the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock valued at $45,598,000 after acquiring an additional 483,324 shares during the period. Markel Group Inc. grew its position in shares of Hagerty by 3.6% during the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after purchasing an additional 108,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Hagerty in the 4th quarter worth approximately $997,000. Finally, Raymond James Financial Inc. bought a new position in shares of Hagerty during the fourth quarter worth $879,000. Institutional investors own 20.51% of the company’s stock.

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.