Robert I. Kauffman Sells 5,475 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,475 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $11.18, for a total transaction of $61,210.50. Following the transaction, the director now directly owns 4,511,010 shares of the company’s stock, valued at approximately $50,433,091.80. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hagerty Stock Performance

Shares of HGTY opened at $11.09 on Monday. Hagerty, Inc. has a 1 year low of $7.68 and a 1 year high of $12.35. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 100.82 and a beta of 0.80. 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 firm has a fifty day moving average of $11.07 and a 200-day moving average of $10.90.

Institutional Investors Weigh In On Hagerty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 purchasing an additional 76,740 shares in the last quarter. Algert Global LLC bought a new stake in shares of Hagerty during the second quarter valued at about $108,000. Dimensional Fund Advisors LP bought a new stake in shares of Hagerty during the second quarter valued at about $139,000. Blue Trust Inc. bought a new stake in shares of Hagerty during the second quarter valued at about $39,000. Finally, 17 Capital Partners LLC raised its stake in shares of Hagerty by 10.0% during the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after purchasing an additional 5,000 shares in the last quarter. 20.51% of the stock is currently owned by institutional investors.

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.