Hagerty, Inc. (NYSE:HGTY) Director Sells $35,728.69 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,541 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $10.09, for a total transaction of $35,728.69. Following the completion of the sale, the director now directly owns 4,303,181 shares in the company, valued at approximately $43,419,096.29. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hagerty Stock Performance

Shares of HGTY opened at $10.04 on Friday. Hagerty, Inc. has a 52-week low of $8.27 and a 52-week high of $12.35. The stock’s 50-day simple moving average is $10.02 and its 200 day simple moving average is $10.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 91.27 and a beta of 0.85.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Hagerty

A number of institutional investors and hedge funds have recently modified their holdings of HGTY. Jane Street Group LLC purchased a new position in Hagerty during the fourth quarter valued at approximately $230,000. PDT Partners LLC boosted its holdings in Hagerty by 47.9% in the 4th quarter. PDT Partners LLC now owns 26,864 shares of the company’s stock valued at $259,000 after purchasing an additional 8,699 shares during the period. Voya Investment Management LLC purchased a new position in shares of Hagerty during the 4th quarter valued at $104,000. Dimensional Fund Advisors LP increased its holdings in shares of Hagerty by 225.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,034 shares of the company’s stock worth $599,000 after purchasing an additional 42,967 shares during the period. Finally, Epoch Investment Partners Inc. purchased a new stake in shares of Hagerty in the fourth quarter worth $547,000. 20.51% of the stock is 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.