Hagerty, Inc. (NYSE:HGTY) Director Sells $177,150.38 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 15,193 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $11.66, for a total transaction of $177,150.38. Following the transaction, the director now directly owns 4,990,974 shares in the company, valued at $58,194,756.84. The trade was a 0.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Hagerty Stock Performance

Shares of NYSE HGTY opened at $11.21 on Friday. The firm’s 50-day moving average price is $10.82 and its two-hundred day moving average price is $10.52. The stock has a market capitalization of $3.82 billion, a P/E ratio of 101.91 and a beta of 0.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 52-week low of $7.68 and a 52-week high of $12.35.

Institutional Investors Weigh In On Hagerty

A number of hedge funds have recently made changes to their positions in the business. PDT Partners LLC bought a new stake in shares of Hagerty during the third quarter valued at approximately $185,000. Caz Investments LP raised its holdings in shares of Hagerty by 66.7% during the third 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. FMR LLC raised its holdings in shares of Hagerty by 25,769.2% during the third 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Hagerty by 376.1% during the third 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. Finally, Meixler Investment Management Ltd. raised its holdings in shares of Hagerty by 9.7% during 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 during the last quarter. Institutional investors own 20.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.