Robert I. Kauffman Sells 3,861 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,861 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $10.21, for a total value of $39,420.81. Following the completion of the sale, the director now owns 4,312,192 shares of the company’s stock, valued at approximately $44,027,480.32. The trade was a 0.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hagerty Stock Down 0.6 %

HGTY opened at $10.16 on Tuesday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 92.33 and a beta of 0.85. 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 firm’s fifty day moving average is $10.13 and its 200 day moving average is $10.72. Hagerty, Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $12.35.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Hagerty

Large investors have recently made changes to their positions in the business. R Squared Ltd bought a new position in Hagerty in the 4th quarter worth approximately $51,000. FMR LLC lifted its holdings in shares of Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Hagerty by 35.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after acquiring an additional 2,726 shares during the last quarter. Blue Trust Inc. grew its stake in Hagerty by 178.6% during the third 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 in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Hagerty in the 2nd quarter valued at $139,000. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

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.