Hagerty, Inc. (NYSE:HGTY) Director Laurie Harris Sells 3,934 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Laurie Harris sold 3,934 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $8.41, for a total transaction of $33,084.94. Following the sale, the director now owns 30,349 shares of the company's stock, valued at approximately $255,235.09. The trade was a 11.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hagerty Trading Down 1.7 %

HGTY stock traded down $0.15 during mid-day trading on Friday, hitting $8.60. 29,769 shares of the company were exchanged, compared to its average volume of 82,449. Hagerty, Inc. has a 12-month low of $8.03 and a 12-month high of $12.35. The firm has a market capitalization of $2.93 billion, a P/E ratio of 78.19 and a beta of 0.88. The business has a fifty day simple moving average of $9.48 and a 200-day simple moving average of $10.17. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

HGTY has been the subject of several analyst reports. Raymond James cut shares of Hagerty from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 26th. JPMorgan Chase & Co. lowered their price objective on Hagerty from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday.

Institutional Trading of Hagerty

Several institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC increased its stake in Hagerty by 35.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock worth $100,000 after purchasing an additional 2,726 shares during the period. Swiss National Bank lifted its holdings in Hagerty by 6.0% during the 4th quarter. Swiss National Bank now owns 53,000 shares of the company's stock worth $511,000 after buying an additional 3,000 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Hagerty in the fourth quarter worth $31,000. Garde Capital Inc. increased its position in shares of Hagerty by 4.0% during the fourth quarter. Garde Capital Inc. now owns 103,960 shares of the company's stock worth $1,003,000 after acquiring an additional 3,960 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hagerty by 7.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company's stock valued at $620,000 after acquiring an additional 4,575 shares in the last quarter. 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.