Hagerty, Inc. (NYSE:HGTY) Director Sells $165,169.55 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 15,223 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.85, for a total value of $165,169.55. Following the completion of the sale, the director now directly owns 4,964,603 shares of the company’s stock, valued at $53,865,942.55. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hagerty Stock Performance

Shares of HGTY stock opened at $11.21 on Friday. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 101.91 and a beta of 0.78. 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 business has a fifty day moving average of $10.82 and a 200 day moving average of $10.52. Hagerty, Inc. has a 1 year low of $7.68 and a 1 year high of $12.35.

Analyst Ratings Changes

Separately, Truist Financial raised their target price on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Hagerty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HGTY. Vanguard Group Inc. raised its stake in shares of Hagerty by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after buying an additional 21,331 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 valued at $988,000 after buying an additional 76,740 shares during the last quarter. 17 Capital Partners LLC raised its stake in shares of Hagerty by 10.0% during the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after buying an additional 5,000 shares during the last quarter. Meixler Investment Management Ltd. raised its stake in shares of Hagerty by 9.7% during the 3rd 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 during the last quarter. Finally, Caz Investments LP raised its stake in shares of Hagerty by 66.7% during the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock valued at $258,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors 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.