Robert I. Kauffman Sells 11,046 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 11,046 shares of Hagerty stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $10.13, for a total value of $111,895.98. Following the completion of the sale, the director now owns 4,454,010 shares in the company, valued at approximately $45,119,121.30. The trade was a 0.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hagerty Stock Performance

NYSE HGTY opened at $10.11 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $10.93. The company has a market cap of $3.45 billion, a PE ratio of 91.91 and a beta of 0.80. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Meixler Investment Management Ltd. boosted its stake in Hagerty by 9.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after purchasing an additional 2,430 shares during the last quarter. 17 Capital Partners LLC lifted its stake in shares of Hagerty by 10.0% in the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after buying an additional 5,000 shares in the last quarter. Barclays PLC boosted its position in Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares during the last quarter. FMR LLC grew its stake in 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 acquiring an additional 6,700 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after acquiring an additional 6,758 shares during the last quarter. 20.51% of the stock is owned by institutional investors and hedge funds.

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.