Hagerty, Inc. (NYSE:HGTY) Director Sells $59,032.26 in Stock

by · The Markets Daily

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 sale, the director now directly owns 4,417,368 shares in the company, valued at $42,671,774.88. This represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hagerty Stock Performance

Shares of NYSE:HGTY opened at $9.55 on Thursday. The business has a 50-day moving average of $10.87 and a two-hundred day moving average of $10.90. The firm has a market capitalization of $3.26 billion, a PE ratio of 86.82 and a beta of 0.86. 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 12 month low of $7.68 and a 12 month high of $12.35.

Institutional Trading of Hagerty

A number of institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after buying an additional 6,700 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Hagerty in the second quarter worth $108,000. Blue Trust Inc. raised its stake 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 during the period. Dimensional Fund Advisors LP acquired a new position in shares of Hagerty during the 2nd quarter valued at $139,000. Finally, PDT Partners LLC purchased a new stake in Hagerty during the 3rd quarter worth $185,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analysts Set New Price Targets

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

View Our Latest Report on Hagerty

Hagerty Company Profile

(Get Free Report)

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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