Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 8,736 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $9.18, for a total value of $80,196.48. Following the completion of the sale, the director now directly owns 4,121,185 shares of the company's stock, valued at $37,832,478.30. This represents a 0.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Hagerty Stock Performance
Shares of NYSE HGTY traded down $0.02 during trading hours on Monday, hitting $8.98. 108,497 shares of the stock were exchanged, compared to its average volume of 81,484. The firm has a market capitalization of $3.06 billion, a P/E ratio of 81.65 and a beta of 0.84. Hagerty, Inc. has a one year low of $5.00 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The company's 50 day moving average is $9.73 and its 200 day moving average is $10.34.
Institutional Investors Weigh In On Hagerty
A number of hedge funds have recently bought and sold shares of HGTY. Steward Partners Investment Advisory LLC lifted its position in shares of 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 purchasing an additional 2,726 shares during the last quarter. Swiss National Bank increased its position in Hagerty by 6.0% in 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 during the period. KLP Kapitalforvaltning AS bought a new position in Hagerty in the 4th quarter worth approximately $31,000. Garde Capital Inc. lifted its holdings 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 buying an additional 3,960 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 during the period. 20.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Raymond James lowered Hagerty from a "market perform" rating to an "underperform" rating in a report on Thursday, December 26th.
Read Our Latest Analysis 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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