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

Barclays PLC lifted its position in Hagerty, Inc. (NYSE:HGTY) by 23.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,675 shares of the company’s stock after purchasing an additional 5,932 shares during the quarter. Barclays PLC’s holdings in Hagerty were worth $321,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Hagerty news, Director Robert I. Kauffman sold 3,883 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $9.64, for a total value of $37,432.12. Following the transaction, the director now directly owns 4,381,666 shares in the company, valued at $42,239,260.24. This represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 279,091 shares of company stock worth $3,030,297 in the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Hagerty Stock Performance

Shares of HGTY stock opened at $9.66 on Monday. The firm has a 50 day moving average of $10.63 and a two-hundred day moving average of $10.86. The stock has a market capitalization of $3.29 billion, a PE ratio of 87.82 and a beta of 0.86. 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 $7.68 and a 52 week high of $12.35.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut shares of Hagerty from a “market perform” rating to an “underperform” rating in a research 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.