Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 6,355 shares of Hagerty stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $11.79, for a total value of $74,925.45. Following the completion of the sale, the director now owns 4,560,989 shares in the company, valued at approximately $53,774,060.31. This represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Hagerty Stock Performance
NYSE:HGTY opened at $11.45 on Friday. The stock has a 50-day simple moving average of $10.96 and a two-hundred day simple moving average of $10.78. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $3.90 billion, a PE ratio of 104.05 and a beta of 0.80. Hagerty, Inc. has a 52-week low of $7.68 and a 52-week high of $12.35.
Institutional Investors Weigh In On Hagerty
Large investors have recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in shares of Hagerty in the 2nd quarter worth approximately $39,000. FMR LLC grew its holdings in shares of Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company's stock worth $68,000 after purchasing an additional 6,700 shares during the last quarter. Algert Global LLC purchased a new position in shares of Hagerty during the second quarter worth approximately $108,000. Dimensional Fund Advisors LP bought a new stake in Hagerty during the 2nd quarter valued at $139,000. Finally, PDT Partners LLC bought a new stake in shares of Hagerty in the third quarter valued at about $185,000. 20.51% of the stock is owned by institutional investors.
Analyst Ratings Changes
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Separately, Truist Financial lifted their target price on shares of Hagerty from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Thursday, August 8th.
Read Our Latest Stock Analysis on Hagerty
About Hagerty
(
Get Free Report)
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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