Swiss National Bank Boosts Holdings in Hagerty, Inc. (NYSE:HGTY)

Swiss National Bank raised its position in shares of Hagerty, Inc. (NYSE:HGTY) by 6.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 53,000 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Swiss National Bank’s holdings in Hagerty were worth $511,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its stake in shares of Hagerty by 35.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock valued at $100,000 after purchasing an additional 2,726 shares during the period. R Squared Ltd acquired a new stake in shares of Hagerty during the fourth quarter worth approximately $51,000. Barclays PLC raised its stake in shares of Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after purchasing an additional 5,932 shares in the last quarter. FMR LLC increased its holdings in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Hagerty by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 140,037 shares of the company’s stock valued at $1,351,000 after buying an additional 8,258 shares during the period. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Insiders Place Their Bets

In other Hagerty news, Director Robert I. Kauffman sold 8,918 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $9.32, for a total transaction of $83,115.76. Following the sale, the director now directly owns 4,389,521 shares of the company’s stock, valued at $40,910,335.72. The trade was a 0.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 111,431 shares of company stock worth $1,078,088. Company insiders own 17.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Hagerty Stock Performance

Shares of HGTY opened at $8.96 on Monday. The stock has a market capitalization of $3.05 billion, a P/E ratio of 81.41 and a beta of 0.84. Hagerty, Inc. has a 12-month low of $8.30 and a 12-month high of $12.35. The firm’s 50 day moving average is $9.74 and its 200-day moving average is $10.35. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

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.