Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 7,985 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,985 shares of Hagerty stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $9.37, for a total transaction of $74,819.45. Following the completion of the transaction, the director now owns 4,139,691 shares in the company, valued at approximately $38,788,904.67. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hagerty Price Performance

HGTY opened at $9.33 on Friday. The stock has a fifty day moving average price of $9.75 and a 200 day moving average price of $10.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 1 year low of $8.30 and a 1 year high of $12.35. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 84.82 and a beta of 0.84.

Institutional Investors Weigh In On Hagerty

Large investors have recently made changes to their positions in the company. Garde Capital Inc. boosted its position in Hagerty by 4.0% during the fourth quarter. Garde Capital Inc. now owns 103,960 shares of the company’s stock worth $1,003,000 after purchasing an additional 3,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hagerty by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company’s stock valued at $620,000 after buying an additional 4,575 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Hagerty during the 4th quarter worth $84,000. Ancora Advisors LLC bought a new stake in Hagerty during the fourth quarter valued at about $46,000. Finally, Jane Street Group LLC bought a new position in shares of Hagerty in the fourth quarter worth about $230,000. Institutional investors own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.