Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 6,111 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 6,111 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.66, for a total value of $59,032.26. Following the completion of the transaction, the director now directly owns 4,417,368 shares in the company, valued at $42,671,774.88. This represents a 0.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hagerty Stock Performance

Shares of HGTY opened at $9.50 on Wednesday. Hagerty, Inc. has a one year low of $7.68 and a one year high of $12.35. The company has a 50-day moving average of $10.89 and a two-hundred day moving average of $10.91. 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 stock has a market cap of $3.24 billion, a price-to-earnings ratio of 86.36 and a beta of 0.86.

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. FMR LLC raised its stake in 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 purchasing an additional 6,700 shares during the period. Algert Global LLC purchased a new position in shares of Hagerty during the second quarter valued at $108,000. Blue Trust Inc. raised its position in Hagerty by 178.6% during the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after buying an additional 6,758 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Hagerty in the 2nd quarter worth about $139,000. Finally, PDT Partners LLC acquired a new stake in Hagerty during the 3rd quarter worth about $185,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James lowered Hagerty from a “market perform” rating to an “underperform” rating in a research 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.