Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 8,179 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $9.10, for a total transaction of $74,428.90. Following the transaction, the director now directly owns 4,084,967 shares of the company's stock, valued at $37,173,199.70. The trade was a 0.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Hagerty Trading Up 2.0 %
Shares of HGTY stock opened at $8.83 on Tuesday. Hagerty, Inc. has a 12-month low of $8.03 and a 12-month high of $12.35. The company has a market capitalization of $3.01 billion, a P/E ratio of 80.27 and a beta of 0.88. The firm has a 50-day moving average price of $9.17 and a 200 day moving average price of $10.03. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.
Hedge Funds Weigh In On Hagerty
A number of institutional investors have recently modified their holdings of the stock. Garde Capital Inc. raised its stake in shares of Hagerty by 4.0% in the fourth quarter. Garde Capital Inc. now owns 103,960 shares of the company's stock worth $1,003,000 after acquiring an additional 3,960 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Hagerty by 7.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company's stock worth $620,000 after buying an additional 4,575 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Hagerty during the 4th quarter worth approximately $84,000. Ancora Advisors LLC acquired a new stake in shares of Hagerty during the 4th quarter worth approximately $46,000. Finally, Jane Street Group LLC acquired a new stake in shares of Hagerty during the 4th quarter worth approximately $230,000. 20.51% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reduced their price objective on shares of Hagerty from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th.
Check Out Our Latest Stock Report 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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