Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 7,985 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 7,985 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $9.37, for a total transaction of $74,819.45. Following the completion of the transaction, the director now directly owns 4,139,691 shares of the company's stock, valued at approximately $38,788,904.67. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hagerty Trading Down 0.2 %

Shares of HGTY traded down $0.02 during trading hours on Monday, hitting $8.98. 108,497 shares of the stock traded hands, compared to its average volume of 81,484. The business has a fifty day moving average of $9.73 and a 200-day moving average of $10.34. The firm has a market capitalization of $3.06 billion, a PE ratio of 81.65 and a beta of 0.84. Hagerty, Inc. has a 1-year low of $5.00 and a 1-year high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company's stock worth $988,000 after buying an additional 76,740 shares during the period. FMR LLC grew its holdings in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company's stock worth $68,000 after acquiring an additional 6,700 shares during the period. Caz Investments LP grew its holdings in Hagerty by 66.7% during the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company's stock worth $258,000 after acquiring an additional 10,000 shares during the period. PDT Partners LLC bought a new stake in shares of Hagerty during the 3rd quarter valued at $185,000. Finally, Barclays PLC lifted its stake in shares of 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 purchasing an additional 5,932 shares during the period. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

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

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.