Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 3,861 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,861 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $10.21, for a total value of $39,420.81. Following the transaction, the director now directly owns 4,312,192 shares of the company’s stock, valued at approximately $44,027,480.32. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hagerty Stock Down 1.0 %

Hagerty stock opened at $10.01 on Thursday. The stock has a market cap of $3.41 billion, a PE ratio of 91.00 and a beta of 0.85. 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’s fifty day moving average is $10.07 and its two-hundred day moving average is $10.71. Hagerty, Inc. has a 1-year low of $8.11 and a 1-year high of $12.35.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HGTY. Meixler Investment Management Ltd. lifted its stake in 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 during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Hagerty by 35.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after buying an additional 2,726 shares during the last quarter. Swiss National Bank lifted its position in shares of Hagerty by 6.0% during the 4th quarter. Swiss National Bank now owns 53,000 shares of the company’s stock worth $511,000 after buying an additional 3,000 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Hagerty in the 4th quarter valued at $31,000. Finally, 17 Capital Partners LLC grew its position in shares of Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Wall Street Analyst Weigh In

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