Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 6,111 Shares of Stock

Hagerty, Inc. (NYSE:HGTYGet Free Report) Director Robert I. Kauffman sold 6,111 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.66, for a total transaction of $59,032.26. Following the completion of the transaction, the director now directly owns 4,417,368 shares of the company’s stock, valued at approximately $42,671,774.88. This trade represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hagerty Price Performance

HGTY stock opened at $9.62 on Tuesday. The firm has a 50 day moving average of $10.91 and a 200-day moving average of $10.92. The firm has a market capitalization of $3.28 billion, a P/E ratio of 87.45 and a beta of 0.86. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HGTY. Dimensional Fund Advisors LP bought a new position in shares of Hagerty in the second quarter worth $139,000. Algert Global LLC purchased a new position in Hagerty during the second quarter worth about $108,000. Lakewood Asset Management LLC bought a new position in Hagerty in the 3rd quarter worth about $186,000. Blue Trust Inc. raised its holdings in shares of Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after acquiring an additional 6,758 shares in the last quarter. Finally, Goldstone Financial Group LLC bought a new stake in shares of Hagerty during the 3rd quarter valued at about $236,000. 20.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on HGTY

About Hagerty

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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.

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Insider Buying and Selling by Quarter for Hagerty (NYSE:HGTY)

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