Fmr LLC Acquires 6,700 Shares of Hagerty, Inc. (NYSE:HGTY)

Fmr LLC lifted its stake in shares of Hagerty, Inc. (NYSE:HGTY) by 25,769.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,726 shares of the company’s stock after purchasing an additional 6,700 shares during the quarter. Fmr LLC’s holdings in Hagerty were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Hagerty by 376.1% in 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 during the period. Algert Global LLC purchased a new stake in shares of Hagerty in the second quarter worth $108,000. Dimensional Fund Advisors LP bought a new stake in Hagerty during the second quarter valued at $139,000. 17 Capital Partners LLC grew its position in Hagerty by 10.0% during the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after buying an additional 5,000 shares in the last quarter. Finally, Meixler Investment Management Ltd. raised 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 in the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Hagerty Stock Down 0.1 %

Shares of NYSE HGTY opened at $10.11 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 business has a 50-day moving average of $11.05 and a 200-day moving average of $10.94. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 91.91 and a beta of 0.80. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35.

Insider Buying and Selling at Hagerty

In other news, Director Robert I. Kauffman sold 3,913 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $10.46, for a total value of $40,929.98. Following the completion of the sale, the director now owns 5,140,538 shares of the company’s stock, valued at approximately $53,770,027.48. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 270,268 shares of company stock worth $2,985,576 over the last three months. 17.90% of the stock is owned by insiders.

Hagerty Profile

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.