Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 67,590 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 67,590 shares of Hagerty stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $11.17, for a total transaction of $754,980.30. Following the transaction, the director now owns 4,832,126 shares in the company, valued at approximately $53,974,847.42. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hagerty Trading Down 0.6 %

Shares of HGTY stock traded down $0.07 during mid-day trading on Friday, hitting $11.44. The company’s stock had a trading volume of 20,323 shares, compared to its average volume of 81,206. Hagerty, Inc. has a 52 week low of $7.68 and a 52 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 company’s fifty day simple moving average is $10.82 and its 200-day simple moving average is $10.60. The company has a market cap of $3.90 billion, a PE ratio of 104.18 and a beta of 0.78.

Institutional Trading of Hagerty

Hedge funds have recently modified their holdings of the stock. Algert Global LLC acquired a new stake in Hagerty in the second quarter worth $108,000. Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty in the 2nd quarter valued at about $139,000. Blue Trust Inc. bought a new stake in Hagerty in the 2nd quarter valued at about $39,000. Vanguard Group Inc. raised its stake in Hagerty by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after buying an additional 21,331 shares during the period. Finally, 17 Capital Partners LLC boosted its holdings in Hagerty by 10.0% in the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped their target price on 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.