Robert I. Kauffman Sells 2,407 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,407 shares of Hagerty stock in a transaction on Friday, January 17th. The stock was sold at an average price of $9.69, for a total value of $23,323.83. Following the sale, the director now directly owns 4,375,960 shares of the company’s stock, valued at $42,403,052.40. This represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hagerty Trading Down 1.0 %

Shares of HGTY stock opened at $9.66 on Friday. The stock has a market cap of $3.29 billion, a P/E ratio of 87.82 and a beta of 0.86. Hagerty, Inc. has a 1 year low of $7.68 and a 1 year high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $10.86.

Hedge Funds Weigh In On Hagerty

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

Wall Street Analyst Weigh In

Separately, Raymond James lowered 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.