Hagerty, Inc. (NYSE:HGTY) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Hagerty, Inc. (NYSE:HGTY) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,779 shares of the company’s stock after selling 996 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hagerty were worth $1,340,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HGTY. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 purchasing an additional 76,740 shares during the last quarter. Algert Global LLC acquired a new position in Hagerty during the second quarter worth approximately $108,000. Dimensional Fund Advisors LP purchased a new stake in Hagerty in the second quarter valued at approximately $139,000. Blue Trust Inc. acquired a new stake in shares of Hagerty in the second quarter valued at approximately $39,000. Finally, 17 Capital Partners LLC boosted its holdings in shares of Hagerty by 10.0% in the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Hagerty Stock Performance

Shares of Hagerty stock opened at $10.86 on Wednesday. The firm’s fifty day simple moving average is $11.09 and its 200-day simple moving average is $10.92. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 98.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

Insiders Place Their Bets

In other news, Director Robert I. Kauffman sold 2,481 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $10.75, for a total transaction of $26,670.75. Following the completion of the sale, the director now owns 5,154,354 shares in the company, valued at $55,409,305.50. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 264,216 shares of company stock valued at $2,927,580. Insiders own 17.90% of the company’s stock.

Hagerty Company Profile

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.