Robert I. Kauffman Sells 15,223 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 15,223 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.85, for a total transaction of $165,169.55. Following the sale, the director now directly owns 4,964,603 shares of the company's stock, valued at approximately $53,865,942.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hagerty Stock Up 3.4 %

NYSE HGTY traded up $0.37 during mid-day trading on Tuesday, reaching $11.25. 107,844 shares of the company's stock traded hands, compared to its average volume of 79,153. The company has a fifty day simple moving average of $10.86 and a 200-day simple moving average of $10.49. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 99.09 and a beta of 0.78. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35.

Analysts Set New Price Targets

Separately, Truist Financial increased their target price on shares of Hagerty from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HGTY. Blue Trust Inc. bought a new stake in shares of Hagerty during the 2nd quarter worth $39,000. Algert Global LLC acquired a new position in Hagerty in the second quarter valued at about $108,000. Dimensional Fund Advisors LP purchased a new position in shares of Hagerty during the second quarter worth approximately $139,000. Lakewood Asset Management LLC purchased a new stake in shares of Hagerty in the 3rd quarter worth about $186,000. Finally, Goldstone Financial Group LLC purchased a new position in Hagerty in the 3rd quarter worth approximately $236,000. 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.