Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $80,360.25 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,175 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.83, for a total value of $80,360.25. Following the completion of the sale, the director now owns 4,429,302 shares in the company, valued at approximately $43,540,038.66. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hagerty Trading Up 0.7 %

Hagerty stock opened at $9.55 on Thursday. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. 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 has a market capitalization of $3.26 billion, a PE ratio of 86.82 and a beta of 0.86. The firm has a 50 day simple moving average of $10.87 and a 200-day simple moving average of $10.90.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

Hedge Funds Weigh In On Hagerty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares in the last quarter. Algert Global LLC acquired a new position in Hagerty during the second quarter worth about $108,000. Blue Trust Inc. raised its position in Hagerty by 178.6% in the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after acquiring an additional 6,758 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Hagerty in the 2nd quarter valued at about $139,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty during the 3rd quarter valued at about $185,000. 20.51% of the stock is owned by institutional investors.

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.