Hagerty, Inc. (NYSE:HGTY) Director Sells $43,197.70 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,277 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $10.10, for a total transaction of $43,197.70. Following the transaction, the director now owns 4,291,733 shares of the company’s stock, valued at $43,346,503.30. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hagerty Price Performance

Shares of NYSE HGTY opened at $10.10 on Thursday. The stock’s 50-day simple moving average is $9.96 and its 200-day simple moving average is $10.68. The firm has a market capitalization of $3.44 billion, a PE ratio of 91.77 and a beta of 0.85. Hagerty, Inc. has a fifty-two week low of $8.27 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded shares of Hagerty from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 26th.

Hedge Funds Weigh In On Hagerty

Several hedge funds have recently added to or reduced their stakes in HGTY. Blue Trust Inc. grew its position in shares of Hagerty by 178.6% in the 3rd 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 last quarter. Goldstone Financial Group LLC acquired a new position in Hagerty in the third quarter valued at $236,000. 17 Capital Partners LLC grew its holdings 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 worth $559,000 after purchasing an additional 5,000 shares during the last quarter. Meixler Investment Management Ltd. increased its position 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 worth $279,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Hagerty by 376.1% in the 3rd 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 during the last quarter. 20.51% of the stock is currently owned by hedge funds and other 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.