Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 5,077 shares of Hagerty stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $10.59, for a total transaction of $53,765.43. Following the completion of the transaction, the director now owns 4,481,905 shares of the company's stock, valued at $47,463,373.95. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
HGTY traded down $0.29 during trading on Monday, reaching $10.12. 105,469 shares of the company were exchanged, compared to its average volume of 81,854. 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 company has a market cap of $3.45 billion, a price-to-earnings ratio of 92.00 and a beta of 0.80. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. The company's 50-day moving average is $11.07 and its two-hundred day moving average is $10.94.
A number of institutional investors and hedge funds have recently modified their holdings of HGTY. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hagerty by 376.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company's stock valued at $988,000 after buying an additional 76,740 shares during the period. 17 Capital Partners LLC raised its holdings in shares of Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company's stock valued at $559,000 after acquiring an additional 5,000 shares in the last quarter. Barclays PLC boosted its position in shares of Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company's stock valued at $321,000 after acquiring an additional 5,932 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in shares of Hagerty by 9.7% during the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company's stock worth $279,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Caz Investments LP increased its position in shares of Hagerty by 66.7% in the third quarter. Caz Investments LP now owns 25,000 shares of the company's stock worth $258,000 after purchasing an additional 10,000 shares during the last quarter. 20.51% of the stock is owned by hedge funds and other institutional investors.
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.