Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,861 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 3,861 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $10.21, for a total transaction of $39,420.81. Following the transaction, the director now owns 4,312,192 shares in the company, valued at approximately $44,027,480.32. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hagerty Stock Performance

Shares of NYSE:HGTY traded down $0.07 during trading on Tuesday, hitting $10.10. 23,817 shares of the stock were exchanged, compared to its average volume of 49,608. The company's fifty day simple moving average is $10.10 and its 200-day simple moving average is $10.71. 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 company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 91.77 and a beta of 0.85. Hagerty, Inc. has a 1-year low of $8.11 and a 1-year high of $12.35.

Institutional Investors Weigh In On Hagerty

Several institutional investors and hedge funds have recently bought and sold shares of HGTY. KLP Kapitalforvaltning AS acquired a new stake in Hagerty in the 4th quarter valued at $31,000. R Squared Ltd acquired a new stake in shares of Hagerty in the 4th quarter valued at $51,000. FMR LLC grew its holdings in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company's stock worth $68,000 after purchasing an additional 6,700 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Hagerty by 35.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock worth $100,000 after purchasing an additional 2,726 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company's stock worth $110,000 after purchasing an additional 6,758 shares in the last quarter. Institutional investors own 20.51% of the company's stock.

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.

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.