Hagerty, Inc. (NYSE:HGTY) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Hagerty, Inc. (NYSE:HGTY) by 3.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 247,449 shares of the company’s stock after selling 9,271 shares during the period. Geode Capital Management LLC owned approximately 0.07% of Hagerty worth $2,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares in the last quarter. PDT Partners LLC purchased a new stake in Hagerty during the 3rd quarter worth $185,000. Caz Investments LP lifted 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 in the last quarter. FMR LLC boosted its position in 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 buying an additional 6,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 acquiring an additional 76,740 shares in the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert I. Kauffman sold 3,040 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $10.72, for a total transaction of $32,588.80. Following the sale, the director now owns 5,080,626 shares in the company, valued at $54,464,310.72. This represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 265,620 shares of company stock valued at $2,921,215 over the last 90 days. 17.90% of the stock is owned by company insiders.

Hagerty Price Performance

Shares of NYSE HGTY opened at $9.50 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 86.36 and a beta of 0.86. Hagerty, Inc. has a twelve month low of $7.68 and a twelve month high of $12.35. The business has a 50 day simple moving average of $10.89 and a 200-day simple moving average of $10.91.

Analyst Ratings Changes

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

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.