Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $37,112.46 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,878 shares of Hagerty stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.57, for a total value of $37,112.46. Following the sale, the director now directly owns 4,442,459 shares in the company, valued at $42,514,332.63. The trade was a 0.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hagerty Trading Up 2.4 %

Hagerty stock opened at $9.88 on Friday. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. 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 $3.37 billion, a PE ratio of 89.82 and a beta of 0.80. The firm has a 50 day simple moving average of $10.94 and a 200-day simple moving average of $10.92.

Institutional Investors Weigh In On Hagerty

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

Wall Street Analyst Weigh In

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

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.