Hagerty, Inc. (NYSE:HGTY) Director Sells $177,150.38 in Stock

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 15,193 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.66, for a total value of $177,150.38. Following the completion of the transaction, the director now directly owns 4,990,974 shares of the company's stock, valued at approximately $58,194,756.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hagerty Trading Up 3.4 %

Shares of NYSE HGTY traded up $0.37 during trading on Tuesday, reaching $11.25. The stock had a trading volume of 107,844 shares, compared to its average volume of 79,153. The company has a market cap of $3.83 billion, a P/E ratio of 99.09 and a beta of 0.78. The business's 50-day moving average price is $10.86 and its 200-day moving average price is $10.49. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Hagerty by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company's stock valued at $18,559,000 after purchasing an additional 21,331 shares during the last quarter. Blue Trust Inc. acquired a new stake in Hagerty in the 2nd quarter valued at about $39,000. Dimensional Fund Advisors LP purchased a new position in Hagerty in the 2nd quarter valued at approximately $139,000. Algert Global LLC purchased a new stake in shares of Hagerty in the second quarter valued at about $108,000. Finally, Lakewood Asset Management LLC purchased a new position in Hagerty during the third quarter worth approximately $186,000. 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.