Robert I. Kauffman Sells 8,175 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,175 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.83, for a total value of $80,360.25. Following the completion of the transaction, the director now directly owns 4,429,302 shares in the company, valued at approximately $43,540,038.66. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Hagerty Stock Down 1.5 %

Hagerty stock opened at $9.62 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35. The company has a market cap of $3.28 billion, a PE ratio of 87.45 and a beta of 0.86. The stock’s 50 day moving average price is $10.91 and its 200 day moving average price is $10.92.

Analysts Set New Price Targets

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

Institutional Trading of Hagerty

A number of institutional investors have recently modified their holdings of the business. Barclays PLC boosted its stake in shares of Hagerty by 23.0% in the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after buying an additional 5,932 shares in the last quarter. PDT Partners LLC purchased a new stake in Hagerty during the third quarter worth $185,000. Caz Investments LP boosted 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 purchasing an additional 10,000 shares in the last quarter. FMR LLC boosted its position 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 purchasing an additional 6,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Hagerty by 376.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after purchasing an additional 76,740 shares in the last quarter. 20.51% of the stock is currently owned by hedge funds and other 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.