Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 3,878 Shares of Stock

by · The Markets Daily

Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 3,878 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.57, for a total value of $37,112.46. Following the completion of the transaction, the director now owns 4,442,459 shares in the company, valued at approximately $42,514,332.63. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hagerty Price Performance

Shares of HGTY opened at $9.65 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35. The stock has a market cap of $3.29 billion, a PE ratio of 87.73 and a beta of 0.80. The firm has a fifty day moving average price of $10.96 and a 200 day moving average price of $10.92.

Institutional Trading of Hagerty

Several institutional investors and hedge funds have recently made changes to their positions in HGTY. FMR LLC increased its position in Hagerty by 25,769.2% during 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 during the period. Algert Global LLC purchased a new position in shares of Hagerty during the second quarter worth approximately $108,000. Blue Trust Inc. increased its holdings in shares of Hagerty by 178.6% in the 3rd 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 during the period. Dimensional Fund Advisors LP purchased a new stake in Hagerty in the 2nd quarter valued at $139,000. Finally, PDT Partners LLC acquired a new stake in Hagerty during the 3rd quarter worth $185,000. 20.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Hagerty

About Hagerty

(Get Free Report)

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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