Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,231 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,231 shares of Hagerty stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $10.17, for a total value of $32,859.27. Following the sale, the director now directly owns 4,308,961 shares of the company’s stock, valued at $43,822,133.37. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Stock Performance

NYSE HGTY opened at $10.16 on Tuesday. Hagerty, Inc. has a fifty-two week low of $8.11 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. The firm has a market capitalization of $3.46 billion, a P/E ratio of 92.33 and a beta of 0.85. The stock has a 50-day simple moving average of $10.13 and a two-hundred day simple moving average of $10.72.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HGTY. R Squared Ltd purchased a new position in Hagerty during the fourth quarter worth approximately $51,000. FMR LLC boosted its stake in shares of Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after acquiring an additional 6,700 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Hagerty by 35.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after purchasing an additional 2,726 shares in the last quarter. Blue Trust Inc. lifted its holdings in 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 purchasing an additional 6,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty in the second quarter valued at about $139,000. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James cut shares of Hagerty from a “market perform” rating to an “underperform” rating in a research note 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.