Epoch Investment Partners Inc. Takes $547,000 Position in Hagerty, Inc. (NYSE:HGTY)

Epoch Investment Partners Inc. purchased a new stake in shares of Hagerty, Inc. (NYSE:HGTY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 56,683 shares of the company's stock, valued at approximately $547,000.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its position in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company's stock valued at $68,000 after purchasing an additional 6,700 shares during the period. Barclays PLC raised its holdings in Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company's stock valued at $321,000 after acquiring an additional 5,932 shares during the period. Lincoln Capital LLC lifted its position in shares of Hagerty by 6.7% in the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company's stock valued at $4,772,000 after acquiring an additional 31,068 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Hagerty by 188.6% in the fourth quarter. Blue Trust Inc. now owns 30,423 shares of the company's stock worth $309,000 after acquiring an additional 19,881 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Hagerty during the fourth quarter worth about $51,000. 20.51% of the stock is currently owned by institutional investors.

Insider Activity

In other Hagerty news, Director Laurie Harris sold 3,934 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $8.41, for a total value of $33,084.94. Following the transaction, the director now directly owns 30,349 shares in the company, valued at $255,235.09. This represents a 11.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert I. Kauffman sold 3,693 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $9.86, for a total value of $36,412.98. Following the completion of the transaction, the director now directly owns 4,348,872 shares in the company, valued at approximately $42,879,877.92. This trade represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,572 shares of company stock worth $725,693. 17.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on Hagerty from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th.

Hagerty Price Performance

Shares of HGTY traded down $0.50 during midday trading on Friday, hitting $8.63. 113,224 shares of the company traded hands, compared to its average volume of 84,117. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 78.45 and a beta of 0.88. The firm has a 50 day moving average of $9.19 and a 200-day moving average of $10.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Hagerty, Inc. has a 52 week low of $8.03 and a 52 week high of $12.35.

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.