Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 11,428 shares of Hagerty stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $10.57, for a total transaction of $120,793.96. Following the sale, the director now owns 5,353,334 shares in the company, valued at $56,584,740.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Hagerty Stock Down 1.7 %
Shares of NYSE HGTY opened at $10.60 on Monday. Hagerty, Inc. has a 12-month low of $7.52 and a 12-month high of $11.47. The firm’s 50-day simple moving average is $10.63 and its 200 day simple moving average is $9.40. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 176.67 and a beta of 0.80.
Hedge Funds Weigh In On Hagerty
Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in Hagerty during the 2nd quarter worth about $39,000. Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty during the 2nd quarter worth approximately $139,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Hagerty during the fourth quarter worth approximately $132,000. Meixler Investment Management Ltd. raised its stake in shares of Hagerty by 21.2% during the first quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after buying an additional 4,250 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in Hagerty by 34.7% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock valued at $806,000 after buying an additional 26,600 shares during the period. Institutional investors own 20.51% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Report on Hagerty
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.
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