Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 3,231 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $10.17, for a total value of $32,859.27. Following the transaction, the director now directly owns 4,308,961 shares in the company, valued at approximately $43,822,133.37. This represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Hagerty Trading Down 0.6 %
Shares of HGTY traded down $0.07 on Tuesday, reaching $10.10. 23,817 shares of the company's stock were exchanged, compared to its average volume of 49,608. The business has a 50 day moving average price of $10.10 and a two-hundred day moving average price of $10.71. Hagerty, Inc. has a 12 month low of $8.11 and a 12 month high of $12.35. The stock has a market capitalization of $3.44 billion, a P/E ratio of 91.77 and a beta of 0.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in HGTY. KLP Kapitalforvaltning AS acquired a new stake in Hagerty in the fourth quarter worth $31,000. R Squared Ltd bought a new stake in shares of Hagerty in the 4th quarter valued at $51,000. FMR LLC increased its position in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company's stock valued at $68,000 after buying an additional 6,700 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Hagerty by 35.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock worth $100,000 after buying an additional 2,726 shares during the period. Finally, Blue Trust Inc. lifted its holdings 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 acquiring an additional 6,758 shares in the last quarter. Institutional investors and hedge funds own 20.51% of the company's stock.
Analyst Ratings Changes
Separately, Raymond James lowered Hagerty from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 26th.
View Our Latest Report on HGTY
About Hagerty
(
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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.
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