Hagerty, Inc. (NYSE:HGTY) Director Sells $26,816.26 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,687 shares of Hagerty stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $9.98, for a total value of $26,816.26. Following the transaction, the director now owns 4,449,856 shares in the company, valued at approximately $44,409,562.88. This represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hagerty Trading Down 1.7 %

Shares of Hagerty stock opened at $9.83 on Friday. The stock has a 50 day moving average of $11.01 and a 200 day moving average of $10.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 89.36 and a beta of 0.80. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $12.35.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hagerty

A number of hedge funds have recently modified their holdings of HGTY. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Hagerty by 376.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after buying an additional 76,740 shares during the period. 17 Capital Partners LLC raised its stake in shares of Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after acquiring an additional 5,000 shares during the period. Barclays PLC lifted its holdings in shares of Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares during the last quarter. Meixler Investment Management Ltd. boosted its position in shares of Hagerty by 9.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after purchasing an additional 2,430 shares during the period. Finally, Caz Investments LP increased its holdings in Hagerty by 66.7% in the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock valued at $258,000 after purchasing an additional 10,000 shares during the last quarter. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

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.