HomeBoat InsuranceHagerty (NYSE:HGTY) Shares Gap Up to $8.61

Hagerty (NYSE:HGTY) Shares Gap Up to $8.61


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

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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.

About Hagerty

(Get Rating)

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.

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