Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 1,215 shares of Hagerty stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.07, for a total transaction of $11,020.05. Following the completion of the sale, the director now directly owns 4,093,146 shares of the company's stock, valued at $37,124,834.22. The trade was a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Hagerty Stock Performance
Shares of HGTY stock opened at $8.40 on Friday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 76.32 and a beta of 0.88. The company has a 50 day moving average price of $9.65 and a 200 day moving average price of $10.28. Hagerty, Inc. has a one year low of $8.20 and a one year high of $12.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in Hagerty by 11.4% during the fourth quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company's stock worth $45,598,000 after acquiring an additional 483,324 shares during the last quarter. Markel Group Inc. raised its holdings in Hagerty by 3.6% in the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company's stock valued at $29,992,000 after buying an additional 108,000 shares during the period. Pembroke Management LTD acquired a new position in Hagerty during the fourth quarter valued at approximately $9,201,000. Lincoln Capital LLC grew its stake in Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company's stock worth $4,772,000 after buying an additional 31,068 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Hagerty by 21.6% in the fourth quarter. Renaissance Technologies LLC now owns 193,896 shares of the company's stock worth $1,871,000 after acquiring an additional 34,500 shares in the last quarter. Institutional investors and hedge funds own 20.51% of the company's stock.
Wall Street Analyst Weigh In
Separately, Raymond James downgraded Hagerty from a "market perform" rating to an "underperform" rating in a research report on Thursday, December 26th.
Check Out Our Latest Report on Hagerty
Hagerty Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
