Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman 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 on Thursday, November 7th. The shares were sold at an average price of $11.66, for a total value of $177,150.38. Following the transaction, the director now directly owns 4,990,974 shares in the company, valued at $58,194,756.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Hagerty Price Performance

Shares of NYSE:HGTY opened at $11.25 on Wednesday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 102.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The stock’s 50 day moving average price is $10.85 and its 200 day moving average price is $10.51.

Institutional Trading of Hagerty

Hedge funds and other institutional investors have recently modified their holdings of the company. Algert Global LLC bought a new position in Hagerty during the second quarter valued at about $108,000. Dimensional Fund Advisors LP acquired a new stake in Hagerty in the 2nd quarter valued at about $139,000. Blue Trust Inc. bought a new position in shares of Hagerty during the 2nd quarter valued at about $39,000. Vanguard Group Inc. grew its stake in shares of Hagerty by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after purchasing an additional 21,331 shares during the last quarter. Finally, 17 Capital Partners LLC raised its holdings in shares of Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 20.51% of the company’s stock.

Analyst Ratings Changes

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

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.