Hagerty (NYSE:HGTY) Sees Unusually-High Trading Volume


Shares of Hagerty, Inc. (NYSE:HGTY – Get Rating) saw an uptick in trading volume on Friday . 15,142 shares were traded during trading, a decline of 89% from the previous session’s volume of 141,532 shares.The stock last traded at $12.80 and had previously closed at $12.71.

Hagerty Stock Performance

The business’s 50-day moving average is $11.49 and its 200 day moving average is $11.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.45 and a current ratio of 1.45.

Institutional Investors Weigh In On Hagerty

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC bought a new position in Hagerty during the 4th quarter worth approximately $172,000. Royce & Associates LP boosted its holdings in shares of Hagerty by 50.0% in the 1st quarter. Royce & Associates LP now owns 450,000 shares of the company’s stock worth $4,855,000 after buying an additional 150,000 shares during the last quarter. Fenimore Asset Management Inc. purchased a new position in shares of Hagerty in the 1st quarter worth about $5,973,000. State Farm Mutual Automobile Insurance Co. bought a new stake in Hagerty in the 4th quarter valued at about $709,000,000. Finally, Victory Capital Management Inc. bought a new stake in Hagerty in the 1st quarter valued at about $103,000. 19.23% of the stock is currently owned by institutional investors and hedge funds.

About Hagerty

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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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