Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 5,475 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 4,511,010 shares of the company's stock, valued at $50,433,091.80. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Hagerty Trading Down 0.4 %
HGTY opened at $11.09 on Friday. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week high of $12.35. 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 business has a fifty day simple moving average of $11.07 and a 200-day simple moving average of $10.88. The firm has a market cap of $3.78 billion, a P/E ratio of 100.82 and a beta of 0.80.
Institutional Investors Weigh In On Hagerty
Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Hagerty by 376.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company's stock valued at $988,000 after acquiring an additional 76,740 shares in the last quarter. Algert Global LLC acquired a new stake in Hagerty in the 2nd quarter valued at about $108,000. Dimensional Fund Advisors LP purchased a new position in shares of Hagerty in the 2nd quarter valued at about $139,000. Blue Trust Inc. acquired a new position in shares of Hagerty during the second quarter worth about $39,000. Finally, 17 Capital Partners LLC increased its stake in shares of Hagerty by 10.0% during 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 during the period. 20.51% of the stock is currently owned by institutional investors and hedge funds.
About Hagerty
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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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