Markel Group Inc. Purchases 108,000 Shares of Hagerty, Inc. (NYSE:HGTY)

Markel Group Inc. increased its position in shares of Hagerty, Inc. (NYSE:HGTY - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,108,000 shares of the company's stock after buying an additional 108,000 shares during the quarter. Markel Group Inc. owned about 0.91% of Hagerty worth $29,992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Hagerty in the fourth quarter valued at $51,000. FMR LLC boosted its position in shares of Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company's stock worth $68,000 after buying an additional 6,700 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Hagerty by 35.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock worth $100,000 after acquiring an additional 2,726 shares in the last quarter. PDT Partners LLC acquired a new position in shares of Hagerty in the third quarter worth about $185,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Hagerty in the fourth quarter worth about $182,000. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

Hagerty Price Performance

Shares of NYSE HGTY traded up $0.15 during mid-day trading on Friday, reaching $9.34. The company had a trading volume of 153,953 shares, compared to its average volume of 78,711. The stock has a market cap of $3.19 billion, a PE ratio of 84.91 and a beta of 0.84. The company has a 50-day moving average price of $9.81 and a two-hundred day moving average price of $10.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 1-year low of $8.30 and a 1-year high of $12.35.

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Analyst Upgrades and Downgrades

Separately, Raymond James cut Hagerty from a "market perform" rating to an "underperform" rating in a research report on Thursday, December 26th.

Insider Activity at Hagerty

In other news, Director Robert I. Kauffman sold 11,046 shares of Hagerty stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $10.13, for a total value of $111,895.98. Following the transaction, the director now directly owns 4,454,010 shares in the company, valued at approximately $45,119,121.30. The trade was a 0.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 117,398 shares of company stock valued at $1,152,662. Insiders own 17.90% 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.