Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,541 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 3,541 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $10.09, for a total transaction of $35,728.69. Following the completion of the transaction, the director now directly owns 4,303,181 shares of the company's stock, valued at $43,419,096.29. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Stock Performance

Hagerty stock traded down $0.29 during mid-day trading on Monday, hitting $10.04. The company had a trading volume of 37,857 shares, compared to its average volume of 45,813. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 91.27 and a beta of 0.85. Hagerty, Inc. has a 12-month low of $8.27 and a 12-month high of $12.35. The company's fifty day moving average is $10.00 and its 200-day moving average is $10.69. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Hagerty

Large investors have recently bought and sold shares of the business. Meixler Investment Management Ltd. increased its position in shares of Hagerty by 9.7% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company's stock valued at $279,000 after buying an additional 2,430 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Hagerty by 35.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock valued at $100,000 after acquiring an additional 2,726 shares during the period. Swiss National Bank increased its holdings 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 acquiring an additional 3,000 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Hagerty in the 4th quarter worth $31,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hagerty by 7.7% during 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 worth $620,000 after acquiring an additional 4,575 shares during the period. Institutional investors and hedge funds own 20.51% of the company's stock.

About Hagerty

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.