Hagerty, Inc. (NYSE:HGTY) Director Sells $32,517.26 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,242 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $10.03, for a total value of $32,517.26. Following the transaction, the director now directly owns 4,285,877 shares in the company, valued at approximately $42,987,346.31. This represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hagerty Trading Down 0.5 %

NYSE HGTY opened at $10.07 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Hagerty, Inc. has a one year low of $8.30 and a one year high of $12.35. The company has a 50-day simple moving average of $9.87 and a 200-day simple moving average of $10.66. The firm has a market capitalization of $3.43 billion, a PE ratio of 91.50 and a beta of 0.85.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Hagerty

Large investors have recently bought and sold shares of the business. Neuberger Berman Group LLC grew its holdings in shares of Hagerty by 11.4% during the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock valued at $45,598,000 after purchasing an additional 483,324 shares during the last quarter. Markel Group Inc. boosted its position in Hagerty by 3.6% during the 4th quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock valued at $29,992,000 after purchasing an additional 108,000 shares during the period. Pembroke Management LTD bought a new position in Hagerty during the 4th quarter worth $9,201,000. Lincoln Capital LLC increased its position in Hagerty by 6.7% in the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock worth $4,772,000 after buying an additional 31,068 shares during the period. Finally, Renaissance Technologies LLC increased its position in Hagerty by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock worth $1,871,000 after buying an additional 34,500 shares during the period. Institutional investors own 20.51% of the company’s stock.

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.