Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 2,687 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,687 shares of Hagerty stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $9.98, for a total transaction of $26,816.26. Following the sale, the director now directly owns 4,449,856 shares in the company, valued at $44,409,562.88. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Price Performance

HGTY opened at $10.00 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35. The company has a 50-day moving average of $11.02 and a 200-day moving average of $10.93. The company has a market capitalization of $3.41 billion, a P/E ratio of 90.91 and a beta of 0.80.

Institutional Trading of Hagerty

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in shares of Hagerty by 25,769.2% in 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 in the last quarter. Algert Global LLC bought a new position in Hagerty during the second quarter worth $108,000. Blue Trust Inc. boosted its holdings in Hagerty by 178.6% in the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after purchasing an additional 6,758 shares during the period. Dimensional Fund Advisors LP bought a new stake in Hagerty during the second quarter valued at $139,000. Finally, PDT Partners LLC acquired a new stake in shares of Hagerty during the third quarter worth $185,000. 20.51% of the stock is owned by institutional investors.

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.

Hagerty Company Profile

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.