Robert I. Kauffman Sells 5,475 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,475 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $11.18, for a total transaction of $61,210.50. Following the completion of the transaction, the director now owns 4,511,010 shares of the company’s stock, valued at approximately $50,433,091.80. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hagerty Trading Down 0.4 %

NYSE:HGTY opened at $11.09 on Friday. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. The firm has a market cap of $3.78 billion, a PE ratio of 100.82 and a beta of 0.80. 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 fifty day moving average price of $11.07 and a 200 day moving average price of $10.89.

Institutional Investors Weigh In On Hagerty

A number of hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Hagerty by 376.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock worth $988,000 after buying an additional 76,740 shares during the period. Goldstone Financial Group LLC acquired a new position in Hagerty during the 3rd quarter worth approximately $236,000. Lakewood Asset Management LLC acquired a new position in Hagerty during the 3rd quarter worth approximately $186,000. PDT Partners LLC purchased a new stake in shares of Hagerty in the 3rd quarter valued at approximately $185,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty in the 2nd quarter valued at $139,000. 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.