Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 1,215 shares of Hagerty stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.07, for a total transaction of $11,020.05. Following the completion of the transaction, the director now owns 4,093,146 shares in the company, valued at approximately $37,124,834.22. This trade represents a 0.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Hagerty Trading Down 2.0 %
Hagerty stock traded down $0.18 during midday trading on Thursday, reaching $8.64. The stock had a trading volume of 29,290 shares, compared to its average volume of 82,311. The firm's fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $10.20. Hagerty, Inc. has a twelve month low of $8.03 and a twelve month high of $12.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 78.50 and a beta of 0.88.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on HGTY shares. Raymond James lowered shares of Hagerty from a "market perform" rating to an "underperform" rating in a research report on Thursday, December 26th. JPMorgan Chase & Co. decreased their price objective on shares of Hagerty from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday.
Check Out Our Latest Research Report on Hagerty
Hedge Funds Weigh In On Hagerty
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Hagerty during the 4th quarter valued at $31,000. Ancora Advisors LLC acquired a new stake in shares of Hagerty during the 4th quarter valued at $46,000. R Squared Ltd acquired a new stake in shares of Hagerty during the 4th quarter valued at $51,000. FMR LLC boosted its stake in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company's stock valued at $68,000 after buying an additional 6,700 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Hagerty during the 4th quarter valued at $84,000. Institutional investors and hedge funds own 20.51% of the company's stock.
Hagerty Company Profile
(
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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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