Robert I. Kauffman Sells 8,179 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,179 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $9.10, for a total transaction of $74,428.90. Following the completion of the transaction, the director now owns 4,084,967 shares of the company’s stock, valued at approximately $37,173,199.70. This trade represents a 0.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hagerty Stock Down 0.2 %

Shares of NYSE HGTY opened at $8.78 on Wednesday. Hagerty, Inc. has a 52-week low of $8.03 and a 52-week high of $12.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The company’s 50 day moving average price is $9.14 and its 200-day moving average price is $10.02. The company has a market capitalization of $3.00 billion, a P/E ratio of 79.85 and a beta of 0.88.

Institutional Trading of Hagerty

Institutional investors have recently bought and sold shares of the company. Markel Group Inc. increased its holdings in Hagerty by 3.6% in the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after purchasing an additional 108,000 shares in the last quarter. Barclays PLC boosted its position in shares of Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares in the last quarter. Lincoln Capital LLC grew its stake in shares of Hagerty by 6.7% in 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 period. Pembroke Management LTD acquired a new position in Hagerty during the 4th quarter worth approximately $9,201,000. Finally, Steward Partners Investment Advisory LLC grew its stake in Hagerty by 35.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock valued at $100,000 after acquiring an additional 2,726 shares during the period. Institutional investors own 20.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their target price on Hagerty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, April 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.