Hagerty, Inc. (NYSE:HGTY – Get Rating) shares gapped up before the market opened on Monday . The stock had previously closed at $8.61, but opened at $8.82. Hagerty shares last traded at $8.82, with a volume of 6 shares traded.
Analyst Ratings Changes
Separately, Raymond James initiated coverage on Hagerty in a report on Thursday, October 20th. They set a “market perform” rating on the stock.
Hagerty Stock Up 2.0 %
The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $8.92 and a 200-day simple moving average of $10.41. The stock has a market cap of $3.00 billion, a P/E ratio of -15.75 and a beta of 0.61.
Institutional Trading of Hagerty
Several institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors Inc. raised its stake in Hagerty by 3.3% in the first quarter. Wasatch Advisors Inc. now owns 7,025,761 shares of the company’s stock valued at $75,808,000 after buying an additional 224,842 shares during the period. Vanguard Group Inc. grew its position in shares of Hagerty by 46.2% in the third quarter. Vanguard Group Inc. now owns 1,987,616 shares of the company’s stock valued at $17,869,000 after purchasing an additional 628,530 shares during the last quarter. Granahan Investment Management LLC grew its position in shares of Hagerty by 1.1% in the first quarter. Granahan Investment Management LLC now owns 1,285,499 shares of the company’s stock valued at $13,871,000 after purchasing an additional 14,033 shares during the last quarter. Fenimore Asset Management Inc. grew its position in shares of Hagerty by 1.7% in the third quarter. Fenimore Asset Management Inc. now owns 799,268 shares of the company’s stock valued at $7,185,000 after purchasing an additional 13,425 shares during the last quarter. Finally, BlackRock Inc. grew its position in Hagerty by 1.5% during the third quarter. BlackRock Inc. now owns 495,697 shares of the company’s stock worth $4,457,000 after buying an additional 7,168 shares in the last quarter. Institutional investors own 19.77% of the company’s stock.
Hagerty, Inc provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; 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 car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events.
Receive News & Ratings for Hagerty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hagerty and related companies with MarketBeat.com’s FREE daily email newsletter.
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.