Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 8,918 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,918 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $9.32, for a total value of $83,115.76. Following the completion of the transaction, the director now directly owns 4,389,521 shares in the company, valued at $40,910,335.72. This represents a 0.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hagerty Trading Up 2.6 %

NYSE HGTY traded up $0.24 on Tuesday, hitting $9.55. 40,695 shares of the stock were exchanged, compared to its average volume of 66,737. Hagerty, Inc. has a 52-week low of $7.68 and a 52-week 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 company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 86.82 and a beta of 0.86. The company’s 50-day moving average price is $10.78 and its two-hundred day moving average price is $10.89.

Hedge Funds Weigh In On Hagerty

Institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after acquiring an additional 76,740 shares in the last quarter. Barclays PLC lifted its stake in shares of Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after purchasing an additional 5,932 shares during the last quarter. FMR LLC lifted its stake in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Hagerty in the 2nd quarter valued at $108,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty in the 2nd quarter valued at $139,000. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

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, 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.