Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 5,475 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,475 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $11.18, for a total value of $61,210.50. Following the completion of the sale, the director now owns 4,511,010 shares in the company, valued at approximately $50,433,091.80. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hagerty Stock Down 0.4 %

Shares of HGTY traded down $0.04 during mid-day trading on Friday, reaching $11.09. The company’s stock had a trading volume of 48,866 shares, compared to its average volume of 81,506. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. The stock has a market cap of $3.78 billion, a PE ratio of 101.18 and a beta of 0.80. The company’s 50 day moving average is $11.06 and its 200 day moving average is $10.86.

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HGTY. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Hagerty by 376.1% in the third 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 last quarter. 17 Capital Partners LLC raised its position in 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 purchasing an additional 5,000 shares during the last quarter. Barclays PLC boosted its stake in Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares during the period. Meixler Investment Management Ltd. grew its position in 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 last quarter. Finally, Caz Investments LP increased its stake in Hagerty by 66.7% in the third 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 period. Institutional investors and hedge funds 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.