Robert I. Kauffman Sells 8,736 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,736 shares of Hagerty stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $9.18, for a total transaction of $80,196.48. Following the sale, the director now directly owns 4,121,185 shares in the company, valued at approximately $37,832,478.30. This trade represents a 0.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Price Performance

Shares of HGTY opened at $8.96 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $3.05 billion, a PE ratio of 81.41 and a beta of 0.84. The firm has a 50-day simple moving average of $9.74 and a two-hundred day simple moving average of $10.36. Hagerty, Inc. has a 1-year low of $8.30 and a 1-year high of $12.35.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after acquiring an additional 76,740 shares during the period. FMR LLC lifted its holdings in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares during the last quarter. Caz Investments LP boosted its holdings in Hagerty by 66.7% in the third quarter. Caz Investments LP now owns 25,000 shares of the company’s stock valued at $258,000 after purchasing an additional 10,000 shares in the last quarter. PDT Partners LLC acquired a new stake in Hagerty during the 3rd quarter worth $185,000. Finally, Barclays PLC lifted its holdings in shares of Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after purchasing an additional 5,932 shares during 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.