Hagerty, Inc. (NYSE:HGTY) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in shares of Hagerty, Inc. (NYSE:HGTY) by 35.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,325 shares of the company’s stock after purchasing an additional 2,726 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Hagerty were worth $100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Hagerty during the 4th quarter worth about $51,000. FMR LLC boosted its stake in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after acquiring an additional 6,700 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Hagerty during the 4th quarter worth about $182,000. PDT Partners LLC purchased a new stake in shares of Hagerty during the 3rd quarter worth about $185,000. Finally, Caz Investments LP boosted its stake in shares of Hagerty by 66.7% during the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after acquiring an additional 10,000 shares in the last quarter. 20.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James lowered shares of Hagerty from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 26th.

Insider Activity at Hagerty

In related news, Director Robert I. Kauffman sold 5,077 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $10.59, for a total value of $53,765.43. Following the transaction, the director now directly owns 4,481,905 shares of the company’s stock, valued at approximately $47,463,373.95. This trade represents a 0.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 117,398 shares of company stock valued at $1,152,662. 17.90% of the stock is owned by corporate insiders.

Hagerty Trading Down 0.2 %

HGTY stock opened at $9.32 on Tuesday. The company’s 50-day simple moving average is $9.80 and its 200-day simple moving average is $10.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 52-week low of $8.30 and a 52-week high of $12.35. The firm has a market cap of $3.18 billion, a P/E ratio of 84.68 and a beta of 0.84.

Hagerty Profile

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.