Hagerty, Inc. (NYSE:HGTY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $9.33, but opened at $9.65. Hagerty shares last traded at $9.45, with a volume of 1,260 shares changing hands.
Wall Street Analyst Weigh In
Separately, Raymond James lowered Hagerty from a "market perform" rating to an "underperform" rating in a report on Thursday, December 26th.
Check Out Our Latest Research Report on Hagerty
Hagerty Stock Performance
The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.09 billion, a P/E ratio of 82.27 and a beta of 0.84. The firm's 50-day moving average is $9.73 and its two-hundred day moving average is $10.34.
Insider Buying and Selling
In other news, Director Robert I. Kauffman sold 3,231 shares of Hagerty stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $10.17, for a total value of $32,859.27. Following the transaction, the director now owns 4,308,961 shares of the company's stock, valued at $43,822,133.37. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 111,431 shares of company stock worth $1,078,088. Corporate insiders own 17.90% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Markel Group Inc. boosted its holdings in Hagerty by 3.6% during the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company's stock valued at $29,992,000 after acquiring an additional 108,000 shares during the period. Lincoln Capital LLC boosted its stake in Hagerty by 6.7% during the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company's stock valued at $4,772,000 after purchasing an additional 31,068 shares during the period. Barclays PLC grew its holdings in Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company's stock valued at $321,000 after buying an additional 5,932 shares during the last quarter. Pembroke Management LTD bought a new position in Hagerty in the 4th quarter worth approximately $9,201,000. Finally, FMR LLC lifted 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 worth $68,000 after buying an additional 6,700 shares during the last quarter. 20.51% of the stock is currently 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.
Further Reading
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