Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,883 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,883 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $9.64, for a total value of $37,432.12. Following the completion of the transaction, the director now directly owns 4,381,666 shares of the company’s stock, valued at $42,239,260.24. This represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hagerty Price Performance

Shares of HGTY opened at $9.66 on Monday. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week 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. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 87.82 and a beta of 0.86. The stock has a 50 day moving average of $10.63 and a 200-day moving average of $10.86.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hagerty

Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of 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 during the period. Lincoln Capital LLC raised its stake in Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock worth $4,772,000 after acquiring an additional 31,068 shares during the period. Goldstone Financial Group LLC bought a new position in Hagerty in the third quarter worth about $236,000. Lakewood Asset Management LLC acquired a new position in Hagerty in the third quarter valued at approximately $186,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty during the third quarter valued at approximately $185,000. Institutional investors and hedge funds own 20.51% 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.