Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $120,719.94 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 10,461 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $11.54, for a total value of $120,719.94. Following the sale, the director now owns 4,710,068 shares in the company, valued at $54,354,184.72. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hagerty Stock Performance

Shares of HGTY opened at $11.75 on Friday. The company has a market cap of $4.01 billion, a PE ratio of 106.82 and a beta of 0.78. The firm has a 50-day moving average of $10.86 and a 200-day moving average of $10.68. Hagerty, Inc. has a one year low of $7.68 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their price target on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th.

Hedge Funds Weigh In On Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Algert Global LLC acquired a new stake in Hagerty during the 2nd quarter valued at $108,000. Dimensional Fund Advisors LP bought a new position in shares of Hagerty in the second quarter valued at about $139,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after buying an additional 76,740 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Hagerty during the 2nd quarter worth about $39,000. Finally, 17 Capital Partners LLC grew its stake in Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after buying an additional 5,000 shares during the last quarter. Institutional investors 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.