Robert I. Kauffman Sells 5,475 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,475 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $11.18, for a total value of $61,210.50. Following the completion of the transaction, the director now directly owns 4,511,010 shares of the company’s stock, valued at $50,433,091.80. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Stock Down 0.4 %

HGTY stock opened at $11.09 on Friday. The stock has a market cap of $3.78 billion, a P/E ratio of 100.82 and a beta of 0.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a twelve month low of $7.68 and a twelve month high of $12.35. The company’s 50 day moving average is $11.07 and its two-hundred day moving average is $10.89.

Institutional Investors Weigh In On Hagerty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hagerty by 376.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after acquiring an additional 76,740 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Hagerty in the 2nd quarter valued at about $108,000. Dimensional Fund Advisors LP purchased a new stake in shares of Hagerty in the 2nd quarter valued at about $139,000. Blue Trust Inc. acquired a new stake in shares of Hagerty in the 2nd quarter valued at about $39,000. Finally, 17 Capital Partners LLC grew its stake in Hagerty by 10.0% during the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after buying an additional 5,000 shares during the last quarter. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Hagerty Company Profile

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.