Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,117 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 2,117 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $10.07, for a total transaction of $21,318.19. Following the completion of the sale, the director now owns 4,280,673 shares of the company's stock, valued at $43,106,377.11. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hagerty Stock Up 0.4 %

Shares of NYSE HGTY traded up $0.05 on Thursday, reaching $10.13. 7,645 shares of the company's stock traded hands, compared to its average volume of 43,921. Hagerty, Inc. has a 12 month low of $8.30 and a 12 month high of $12.35. The business's 50 day simple moving average is $9.87 and its two-hundred day simple moving average is $10.66. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 92.05 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Analysts Set New Price Targets

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

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Hedge Funds Weigh In On Hagerty

Institutional investors and hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hagerty by 376.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company's stock valued at $988,000 after acquiring an additional 76,740 shares in the last quarter. Lincoln Capital LLC increased its position in shares of Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company's stock valued at $4,772,000 after acquiring an additional 31,068 shares in the last quarter. Barclays PLC increased its position in shares of Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company's stock valued at $321,000 after acquiring an additional 5,932 shares in the last quarter. Pembroke Management LTD bought a new stake in shares of Hagerty during the fourth quarter valued at approximately $9,201,000. Finally, FMR LLC increased its position 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 acquiring an additional 6,700 shares in the last quarter. Institutional investors 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.