Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 9,170 Shares of Stock

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 9,170 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $9.06, for a total value of $83,080.20. Following the sale, the director now directly owns 4,102,715 shares in the company, valued at $37,170,597.90. This represents a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hagerty Stock Down 3.9 %

Shares of HGTY stock traded down $0.35 on Friday, reaching $8.40. 77,232 shares of the stock were exchanged, compared to its average volume of 82,224. Hagerty, Inc. has a twelve month low of $8.20 and a twelve month 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 company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 76.32 and a beta of 0.88. The business's 50 day moving average price is $9.65 and its 200 day moving average price is $10.28.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered shares of Hagerty from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 26th.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new position in Hagerty in the fourth quarter valued at approximately $31,000. Ancora Advisors LLC purchased a new position in shares of Hagerty in the 4th quarter valued at $46,000. R Squared Ltd acquired a new stake in Hagerty during the 4th quarter worth $51,000. FMR LLC lifted its position in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company's stock valued at $68,000 after acquiring an additional 6,700 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in Hagerty in the fourth quarter valued at $84,000. 20.51% of the stock is owned by institutional investors and hedge funds.

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.