Hagerty, Inc. (NYSE:HGTY) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in Hagerty, Inc. (NYSE:HGTY) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,675 shares of the company’s stock after acquiring an additional 5,932 shares during the period. Barclays PLC’s holdings in Hagerty were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HGTY. PDT Partners LLC acquired a new position in shares of Hagerty in the third quarter valued at about $185,000. Caz Investments LP increased its holdings in Hagerty by 66.7% in the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after buying an additional 10,000 shares during the period. FMR LLC raised its position in 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 buying an additional 6,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after acquiring an additional 76,740 shares during the period. Finally, Meixler Investment Management Ltd. boosted its holdings in shares of Hagerty by 9.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after acquiring an additional 2,430 shares during the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hagerty Stock Down 1.1 %

Shares of HGTY stock opened at $9.77 on Friday. Hagerty, Inc. has a twelve month low of $7.68 and a twelve month high of $12.35. The stock has a market cap of $3.33 billion, a P/E ratio of 88.82 and a beta of 0.80. The stock has a 50 day moving average of $10.93 and a 200 day moving average of $10.92. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Insider Transactions at Hagerty

In other news, Director Robert I. Kauffman sold 2,538 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $10.71, for a total transaction of $27,181.98. Following the sale, the director now directly owns 5,074,471 shares of the company’s stock, valued at $54,347,584.41. This represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 263,698 shares of company stock valued at $2,913,054 in the last 90 days. 17.90% of the stock is currently owned by company 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.