Hagerty, Inc. (NYSE:HGTY) Director Sells $37,432.12 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,883 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $9.64, for a total value of $37,432.12. Following the sale, the director now directly owns 4,381,666 shares of the company’s stock, valued at approximately $42,239,260.24. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hagerty Stock Down 1.0 %

Hagerty stock opened at $9.66 on Monday. The stock’s 50 day moving average price is $10.63 and its 200 day moving average price is $10.86. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35. The company has a market cap of $3.29 billion, a PE ratio of 87.82 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Hagerty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased 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 purchasing an additional 76,740 shares in the last quarter. Lincoln Capital LLC grew its holdings in Hagerty by 6.7% during the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after buying an additional 31,068 shares during the last quarter. Goldstone Financial Group LLC purchased a new position in Hagerty during the third quarter worth $236,000. Lakewood Asset Management LLC acquired a new position in shares of Hagerty in the third quarter worth $186,000. Finally, PDT Partners LLC purchased a new stake in shares of Hagerty in the third quarter valued at $185,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.