Hagerty, Inc. (NYSE:HGTY) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Hagerty, Inc. (NYSE:HGTY) by 23.0% during the third quarter, HoldingsChannel.com reports. The fund owned 31,675 shares of the company’s stock after buying an additional 5,932 shares during the period. Barclays PLC’s holdings in Hagerty were worth $321,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. PDT Partners LLC purchased a new position in Hagerty in the 3rd quarter worth approximately $185,000. Caz Investments LP lifted its position in Hagerty by 66.7% during the third quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after buying an additional 10,000 shares in the last quarter. FMR LLC boosted its stake in 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Hagerty by 376.1% in the 3rd 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. Finally, Meixler Investment Management Ltd. increased its stake in shares of Hagerty by 9.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after acquiring an additional 2,430 shares during the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert I. Kauffman sold 2,538 shares of Hagerty stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $10.71, for a total value of $27,181.98. Following the completion of the sale, the director now owns 5,074,471 shares in the company, valued at approximately $54,347,584.41. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 263,698 shares of company stock valued at $2,913,054. 17.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Hagerty Price Performance

HGTY stock opened at $9.77 on Friday. Hagerty, Inc. has a 52-week low of $7.68 and a 52-week high of $12.35. The business has a fifty day moving average of $10.93 and a two-hundred day moving average of $10.92. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 88.82 and a beta of 0.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

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.