Hagerty, Inc. (NYSE:HGTY) Director Sells $80,196.48 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,736 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $9.18, for a total transaction of $80,196.48. Following the sale, the director now directly owns 4,121,185 shares of the company’s stock, valued at $37,832,478.30. This represents a 0.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Price Performance

NYSE HGTY traded up $0.15 on Thursday, hitting $9.33. 87,547 shares of the company’s stock were exchanged, compared to its average volume of 79,737. Hagerty, Inc. has a 52 week low of $8.30 and a 52 week high of $12.35. The stock has a 50-day moving average of $9.76 and a 200-day moving average of $10.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 84.82 and a beta of 0.84.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HGTY. Connor Clark & Lunn Investment Management Ltd. boosted its position 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 buying an additional 76,740 shares in the last quarter. FMR LLC increased its holdings in shares of Hagerty by 25,769.2% during the third 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. Caz Investments LP lifted its stake in shares of Hagerty by 66.7% in the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock valued at $258,000 after acquiring an additional 10,000 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Hagerty during the 3rd quarter valued at $185,000. Finally, Barclays PLC grew its position in Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares during the last quarter. Institutional investors and hedge funds own 20.51% of the company’s stock.

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.