Hagerty, Inc. (NYSE:HGTY) is Greenhaven Road Investment Management L.P.'s 8th Largest Position

Greenhaven Road Investment Management L.P. lessened its holdings in Hagerty, Inc. (NYSE:HGTY - Free Report) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,236,170 shares of the company's stock after selling 272,278 shares during the period. Hagerty makes up approximately 1.9% of Greenhaven Road Investment Management L.P.'s portfolio, making the stock its 8th largest position. Greenhaven Road Investment Management L.P. owned 0.36% of Hagerty worth $11,929,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new position in Hagerty during the 4th quarter worth approximately $31,000. R Squared Ltd purchased a new position in Hagerty during the 4th quarter worth $51,000. FMR LLC increased its stake in Hagerty by 25,769.2% in the third 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. Steward Partners Investment Advisory LLC raised its holdings in shares of 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 buying an additional 2,726 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Hagerty during the fourth quarter worth about $119,000. Hedge funds and other institutional investors own 20.51% of the company's stock.

Hagerty Price Performance

Shares of NYSE:HGTY traded up $0.17 on Wednesday, reaching $8.73. 3,614 shares of the company were exchanged, compared to its average volume of 83,037. The company has a 50-day moving average of $9.27 and a 200-day moving average of $10.09. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 79.36 and a beta of 0.88. Hagerty, Inc. has a 1-year low of $8.03 and a 1-year high of $12.35.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HGTY shares. JPMorgan Chase & Co. decreased their price objective on Hagerty from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Raymond James downgraded shares of Hagerty from a "market perform" rating to an "underperform" rating in a research report on Thursday, December 26th.

Insider Activity at Hagerty

In other news, Director Robert I. Kauffman sold 3,231 shares of Hagerty stock in a transaction on Monday, February 10th. The stock was sold at an average price of $10.17, for a total value of $32,859.27. Following the completion of the sale, the director now owns 4,308,961 shares of the company's stock, valued at $43,822,133.37. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laurie Harris sold 3,934 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $8.41, for a total transaction of $33,084.94. Following the completion of the sale, the director now owns 30,349 shares of the company's stock, valued at approximately $255,235.09. The trade was a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,616 shares of company stock valued at $774,620. Insiders own 17.90% of the company's stock.

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.