Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 15,193 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 15,193 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $11.66, for a total transaction of $177,150.38. Following the transaction, the director now directly owns 4,990,974 shares of the company’s stock, valued at $58,194,756.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hagerty Stock Performance

Shares of HGTY stock traded up $0.02 during mid-day trading on Tuesday, reaching $10.90. 3,712 shares of the company’s stock traded hands, compared to its average volume of 78,678. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $3.72 billion, a PE ratio of 98.91 and a beta of 0.78. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The firm has a 50 day moving average price of $10.86 and a two-hundred day moving average price of $10.49.

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. bought a new position in shares of Hagerty in the second quarter worth approximately $39,000. Algert Global LLC bought a new stake in Hagerty during the 2nd quarter valued at approximately $108,000. Dimensional Fund Advisors LP purchased a new position in Hagerty in the 2nd quarter worth approximately $139,000. Lakewood Asset Management LLC purchased a new position in Hagerty in the 3rd quarter worth approximately $186,000. Finally, Goldstone Financial Group LLC bought a new position in Hagerty in the 3rd quarter worth approximately $236,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Wall Street Analyst Weigh In

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

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.