XTX Topco Ltd Buys Shares of 12,308 Hagerty, Inc. (NYSE:HGTY)

XTX Topco Ltd purchased a new position in shares of Hagerty, Inc. (NYSE:HGTY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,308 shares of the company’s stock, valued at approximately $119,000.

A number of other hedge funds also recently modified their holdings of the business. Neuberger Berman Group LLC increased its stake in Hagerty by 11.4% during the 4th quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock worth $45,598,000 after purchasing an additional 483,324 shares in the last quarter. Markel Group Inc. increased its position in shares of Hagerty by 3.6% during the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock worth $29,992,000 after acquiring an additional 108,000 shares in the last quarter. Pembroke Management LTD bought a new stake in Hagerty in the 4th quarter valued at $9,201,000. Lincoln Capital LLC lifted its position in Hagerty by 6.7% in the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after acquiring an additional 31,068 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Hagerty by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock worth $1,871,000 after purchasing an additional 34,500 shares during the period. Institutional investors and hedge funds own 20.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Laurie Harris sold 3,934 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $8.41, for a total value of $33,084.94. Following the completion of the sale, the director now owns 30,349 shares of the company’s stock, valued at approximately $255,235.09. This represents a 11.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert I. Kauffman sold 9,170 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $9.06, for a total transaction of $83,080.20. Following the transaction, the director now owns 4,102,715 shares in the company, valued at approximately $37,170,597.90. The trade was a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,222 shares of company stock valued at $726,423 in the last three months. 17.90% of the stock is currently owned by corporate insiders.

Hagerty Stock Performance

Shares of HGTY stock opened at $8.78 on Wednesday. The firm has a market cap of $3.00 billion, a PE ratio of 79.85 and a beta of 0.88. Hagerty, Inc. has a 12 month low of $8.03 and a 12 month high of $12.35. The company’s fifty day simple moving average is $9.14 and its 200-day simple moving average is $10.02. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target on Hagerty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th.

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.