Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 9,170 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 9,170 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $9.06, for a total value of $83,080.20. Following the completion of the transaction, the director now directly owns 4,102,715 shares in the company, valued at approximately $37,170,597.90. This represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hagerty Price Performance

Shares of Hagerty stock opened at $9.04 on Wednesday. The firm has a market cap of $3.08 billion, a PE ratio of 82.16 and a beta of 0.84. The stock has a 50 day moving average of $9.71 and a 200 day moving average of $10.33. 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 12 month low of $8.30 and a 12 month high of $12.35.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HGTY. Neuberger Berman Group LLC increased its position in Hagerty by 11.4% in the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock worth $45,598,000 after purchasing an additional 483,324 shares during the last quarter. Markel Group Inc. grew its stake in shares of Hagerty by 3.6% in the 4th quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after buying an additional 108,000 shares in the last quarter. Pembroke Management LTD bought a new stake in shares of Hagerty in the 4th quarter worth about $9,201,000. Lincoln Capital LLC raised its position in shares of Hagerty by 6.7% during the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after buying an additional 31,068 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Hagerty by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock valued at $1,871,000 after acquiring an additional 34,500 shares during the last quarter. 20.51% of the stock is currently owned by institutional investors.

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.