Hagerty, Inc. (NYSE:HGTY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 81,178 shares changed hands during trading, an increase of 4% from the previous session's volume of 78,423 shares.The stock last traded at $9.60 and had previously closed at $9.77.
Wall Street Analyst Weigh In
Separately, Raymond James downgraded Hagerty from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 26th.
Read Our Latest Research Report on HGTY
Hagerty Stock Up 1.6 %
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day moving average price of $9.81 and a 200 day moving average price of $10.53. The company has a market cap of $3.19 billion, a P/E ratio of 84.91 and a beta of 0.84.
Insider Transactions at Hagerty
In other news, Director Robert I. Kauffman sold 11,046 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $10.13, for a total transaction of $111,895.98. Following the sale, the director now directly owns 4,454,010 shares of the company's stock, valued at $45,119,121.30. The trade was a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 117,398 shares of company stock valued at $1,152,662. Corporate insiders own 17.90% of the company's stock.
Institutional Investors Weigh In On Hagerty
A number of institutional investors and hedge funds have recently modified their holdings of HGTY. KLP Kapitalforvaltning AS acquired a new stake in shares of Hagerty during the fourth quarter worth $31,000. Ancora Advisors LLC purchased a new position in shares of Hagerty during the fourth quarter valued at $46,000. R Squared Ltd purchased a new position in shares of Hagerty during the fourth quarter valued at $51,000. FMR LLC grew its holdings in shares of Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company's stock valued at $68,000 after buying an additional 6,700 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Hagerty during the fourth quarter valued at $84,000. 20.51% of the stock is owned by institutional investors and hedge funds.
About Hagerty
(
Get Free Report)
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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