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 Hagerty 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 sale, the director now owns 4,084,967 shares of the company's stock, valued at approximately $37,173,199.70. The trade was a 0.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hagerty Stock Performance

Shares of NYSE:HGTY traded up $0.30 during trading on Friday, hitting $9.06. 18,891 shares of the stock traded hands, compared to its average volume of 85,026. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $9.07 and a two-hundred day moving average price of $9.98. Hagerty, Inc. has a 52-week low of $8.03 and a 52-week high of $12.35. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 82.34 and a beta of 0.88.

Analyst Ratings Changes

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

Institutional Trading of Hagerty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HGTY. Pembroke Management LTD purchased a new stake in shares of Hagerty during the 4th quarter worth about $9,201,000. Neuberger Berman Group LLC raised its holdings in Hagerty by 11.4% in the 4th quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company's stock worth $45,598,000 after purchasing an additional 483,324 shares during the period. Markel Group Inc. boosted its position in Hagerty by 3.6% during 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. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Hagerty in the fourth quarter valued at approximately $997,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Hagerty in the fourth quarter valued at approximately $879,000. Institutional investors and hedge funds own 20.51% 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.