Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,848 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,848 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $9.08, for a total value of $25,859.84. Following the completion of the sale, the director now directly owns 3,447,059 shares in the company, valued at approximately $31,299,295.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Trading Down 0.3 %

NYSE HGTY traded down $0.03 during trading hours on Thursday, hitting $9.15. 62,019 shares of the company’s stock were exchanged, compared to its average volume of 56,813. The business’s 50 day moving average is $8.46 and its 200-day moving average is $8.26. Hagerty, Inc. has a 12-month low of $7.52 and a 12-month high of $10.36. The firm has a market capitalization of $3.07 billion, a P/E ratio of 131.57 and a beta of 0.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.48 and a current ratio of 1.48.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. assumed coverage on Hagerty in a report on Thursday, January 11th. They issued a “neutral” rating and a $9.00 target price on the stock.

Hedge Funds Weigh In On Hagerty

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new position in Hagerty during the third quarter worth about $206,000. Quadrature Capital Ltd acquired a new stake in Hagerty during the third quarter worth about $147,000. Barclays PLC increased its stake in Hagerty by 314.2% during the third quarter. Barclays PLC now owns 26,815 shares of the company’s stock worth $219,000 after acquiring an additional 20,341 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Hagerty by 14.6% during the third quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company’s stock worth $106,000 after acquiring an additional 1,650 shares during the last quarter. Finally, Meixler Investment Management Ltd. acquired a new stake in Hagerty during the third quarter worth about $161,000. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

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.