Hagerty, Inc. (NYSE:HGTY) Director Sells $177,150.38 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 15,193 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.66, for a total transaction of $177,150.38. Following the completion of the transaction, the director now owns 4,990,974 shares in the company, valued at $58,194,756.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Price Performance

Shares of HGTY traded up $0.02 during trading hours on Tuesday, hitting $10.90. 3,712 shares of the company were exchanged, compared to its average volume of 78,678. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two week high of $12.35. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 98.91 and a beta of 0.78. The firm’s fifty day moving average is $10.86 and its 200 day moving average is $10.49.

Institutional Trading of Hagerty

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Hagerty by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after purchasing an additional 21,331 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of Hagerty in the second quarter worth about $39,000. Dimensional Fund Advisors LP purchased a new stake in shares of Hagerty during the second quarter worth $139,000. Algert Global LLC purchased a new position in Hagerty during the 2nd quarter valued at about $108,000. Finally, Lakewood Asset Management LLC bought a new position in shares of Hagerty in the third quarter worth approximately $186,000. 20.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial upped their price target on shares of Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, August 8th.

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.