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

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 8,179 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $9.10, for a total value of $74,428.90. Following the sale, the director now directly owns 4,084,967 shares in the company, valued at approximately $37,173,199.70. This represents a 0.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Stock Performance

Shares of HGTY traded up $0.17 during mid-day trading on Monday, reaching $8.83. The company's stock had a trading volume of 40,317 shares, compared to its average volume of 84,176. 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 stock has a market cap of $3.01 billion, a P/E ratio of 80.27 and a beta of 0.88. Hagerty, Inc. has a 1-year low of $8.03 and a 1-year high of $12.35. The business has a 50-day simple moving average of $9.19 and a two-hundred day simple moving average of $10.04.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Hagerty

Hedge funds have recently added to or reduced their stakes in the business. Garde Capital Inc. raised its position in shares of Hagerty by 4.0% in the fourth quarter. Garde Capital Inc. now owns 103,960 shares of the company's stock valued at $1,003,000 after purchasing an additional 3,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Hagerty by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company's stock valued at $620,000 after acquiring an additional 4,575 shares during the period. BNP Paribas Financial Markets acquired a new stake in Hagerty during the fourth quarter worth approximately $84,000. Ancora Advisors LLC bought a new stake in shares of Hagerty during the fourth quarter worth approximately $46,000. Finally, Jane Street Group LLC acquired a new position in shares of Hagerty in the fourth quarter valued at approximately $230,000. Institutional investors and hedge funds own 20.51% of the company's stock.

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.

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