Hagerty, Inc. (NYSE:HGTY) Director Sells $59,032.26 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 6,111 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.66, for a total value of $59,032.26. Following the completion of the transaction, the director now owns 4,417,368 shares in the company, valued at $42,671,774.88. The trade was a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Hagerty Stock Performance

NYSE HGTY traded down $0.15 during trading on Monday, reaching $9.62. 61,315 shares of the company’s stock were exchanged, compared to its average volume of 68,472. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $12.35. The business has a 50 day moving average price of $10.93 and a 200-day moving average price of $10.92. 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 $3.28 billion, a P/E ratio of 87.45 and a beta of 0.86.

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 Investors Weigh In On Hagerty

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 acquiring an additional 76,740 shares during the last quarter. Barclays PLC grew its holdings 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 acquiring an additional 5,932 shares during the period. FMR LLC grew its holdings in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after acquiring an additional 6,700 shares during the period. Algert Global LLC acquired a new stake in shares of Hagerty in the 2nd quarter valued at about $108,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty in the 2nd quarter valued at about $139,000. 20.51% of the stock is currently owned by 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.