2 weeks Ago By Defense World Staff
Bank of New York Mellon Corp purchased a new stake in shares of Hagerty, Inc. (NYSE:HGTY – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,827 shares of the company’s stock, valued at approximately $182,000.
Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Hagerty during the 4th quarter worth about $51,000. FMR LLC raised its position in Hagerty by 25,769.
2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after acquiring an additional 6,700 shares in the last quarter. PDT Partners LLC acquired a new stake in Hagerty in the third quarter valued at approximately $185,000.
Blue Trust Inc. grew its position in Hagerty by 188.6% in the fourth quarter.
Blue Trust Inc. now owns 30,423 shares of the company’s stock worth $309,000 after acquiring an additional 19,881 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Hagerty by 23.
0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares during the last quarter. Institutional investors and hedge funds own 20.
51% of the company’s stock. Insider Buying and SellingIn other Hagerty news, Director Robert I. Kauffman sold 8,736 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th.
The stock was sold at an average price of $9.18, for a total value of $80,196.48.
Following the sale, the director now owns 4,121,185 shares of the company’s stock, valued at $37,832,478.30. This trade represents a 0.
21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 115,309 shares of company stock worth $1,115,200 in the last quarter.
17.90% of the stock is currently owned by company insiders. Hagerty Price PerformanceShares of Hagerty stock opened at $8.
96 on Friday. 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 firm has a fifty day simple moving average of $9.
74 and a 200-day simple moving average of $10.36. The stock has a market capitalization of $3.
05 billion, a price-to-earnings ratio of 81.41 and a beta of 0.84.
Hagerty, Inc. has a 1-year low of $8.30 and a 1-year high of $12.
35. Analysts Set New Price TargetsSeparately, Raymond James cut Hagerty from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 26th.Read Our Latest Report on HGTYAbout Hagerty (Free Report)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.Recommended StoriesFive stocks we like better than HagertyGrowth Investing: Should You Adopt This Investing Strategy in 2022?MarketBeat Week in Review – 03/24 – 03/28Russell 2000 Index, How Investors Use it For Profitable TradingShould You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowWhat is the Euro STOXX 50 Index?4 Healthcare Stocks With Massive Gains—and More to ComeWant to see what other hedge funds are holding HGTY? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Hagerty, Inc. (NYSE:HGTY – Free Report)..
