Hagerty, Inc. (NYSE:HGTY – Get 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
Check Out Our Latest Analysis on HGTY
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.
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