Connor Clark & Lunn Investment Management Ltd. Has $988,000 Holdings in Hagerty, Inc. (NYSE:HGTY)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hagerty, Inc. (NYSE:HGTY - Free Report) by 376.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 97,143 shares of the company's stock after purchasing an additional 76,740 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Hagerty were worth $988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. bought a new stake in Hagerty in the second quarter valued at about $39,000. Algert Global LLC bought a new stake in Hagerty during the 2nd quarter worth about $108,000. Dimensional Fund Advisors LP acquired a new position in shares of Hagerty during the 2nd quarter worth about $139,000. Lakewood Asset Management LLC bought a new position in shares of Hagerty in the 3rd quarter valued at about $186,000. Finally, Goldstone Financial Group LLC acquired a new stake in shares of Hagerty in the third quarter valued at about $236,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hagerty

In related news, Director Robert I. Kauffman sold 14,507 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $11.84, for a total value of $171,762.88. Following the sale, the director now owns 5,234,306 shares in the company, valued at approximately $61,974,183.04. This represents a 0.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 271,459 shares of company stock worth $3,017,272. Insiders own 17.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price target on Hagerty from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Thursday, August 8th.

Hagerty Stock Performance

Shares of HGTY traded up $0.08 during midday trading on Thursday, reaching $11.75. The stock had a trading volume of 97,538 shares, compared to its average volume of 82,390. The firm has a market cap of $4.01 billion, a PE ratio of 106.82 and a beta of 0.78. The firm has a 50 day simple moving average of $10.86 and a 200-day simple moving average of $10.68. Hagerty, Inc. has a one year low of $7.68 and a one 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.

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.