UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Hagerty, Inc. (NYSE:HGTY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Hagerty, Inc. (NYSE:HGTY) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,630 shares of the company’s stock after selling 6,923 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hagerty were worth $606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HGTY. Blue Trust Inc. acquired a new stake in Hagerty in the second quarter valued at approximately $39,000. FMR LLC boosted its position in shares of Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after purchasing an additional 6,700 shares in the last quarter. Algert Global LLC purchased a new position in Hagerty during the 2nd quarter worth $108,000. Dimensional Fund Advisors LP acquired a new position in Hagerty during the 2nd quarter valued at about $139,000. Finally, Lakewood Asset Management LLC purchased a new stake in Hagerty in the third quarter valued at about $186,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Hagerty Price Performance

Shares of HGTY stock opened at $10.41 on Friday. Hagerty, Inc. has a fifty-two week low of $7.68 and a fifty-two week 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. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 94.64 and a beta of 0.80. The stock’s 50-day simple moving average is $11.08 and its 200-day simple moving average is $10.92.

Insider Buying and Selling at Hagerty

In related news, Director Robert I. Kauffman sold 2,481 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $10.75, for a total value of $26,670.75. Following the transaction, the director now owns 5,154,354 shares in the company, valued at approximately $55,409,305.50. This represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 258,812 shares of company stock worth $2,869,757. 17.90% of the stock is owned by corporate insiders.

About Hagerty

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.