LPL Financial LLC grew its stake in shares of Hagerty, Inc. (NYSE:HGTY – Free Report) by 42.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 82,914 shares of the company’s stock after acquiring an additional 24,799 shares during the period. LPL Financial LLC’s holdings in Hagerty were worth $776,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Deutsche Bank AG purchased a new stake in shares of Hagerty in the first quarter valued at $29,000. Citigroup Inc. purchased a new stake in shares of Hagerty in the first quarter valued at $61,000. Bank of America Corp DE lifted its holdings in shares of Hagerty by 218.2% in the first quarter. Bank of America Corp DE now owns 7,102 shares of the company’s stock valued at $62,000 after purchasing an additional 4,870 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Hagerty in the second quarter valued at $71,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Hagerty in the third quarter valued at $88,000. Institutional investors and hedge funds own 20.79% of the company’s stock.
Hagerty Price Performance
HGTY opened at $8.72 on Tuesday. The stock has a fifty day moving average of $8.13 and a 200-day moving average of $8.74. The firm has a market capitalization of $2.93 billion, a P/E ratio of -436.00 and a beta of 0.76. Hagerty, Inc. has a 12-month low of $7.52 and a 12-month high of $10.42. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.
Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company also 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; HVT, a valuation tool used by the customer to access current and historic pricing data of collector vehicle models; and Hagerty Events, an eclectic mix of small and large events.
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Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.