Hagerty (NYSE:HGTY) Trading Down 2.8%

Hagerty, Inc. (NYSE:HGTYGet Rating)’s stock price was down 2.8% during trading on Tuesday . The company traded as low as $10.64 and last traded at $10.78. Approximately 9,228 shares were traded during trading, a decline of 97% from the average daily volume of 284,060 shares. The stock had previously closed at $11.09.

The firm’s fifty day simple moving average is $9.93 and its 200 day simple moving average is $12.69. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40.

Hagerty (NYSE:HGTYGet Rating) last posted its earnings results on Monday, May 9th. The company reported ($0.01) EPS for the quarter. The company had revenue of $167.81 million for the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC bought a new stake in shares of Hagerty in the 4th quarter valued at $172,000. State Farm Mutual Automobile Insurance Co. bought a new stake in shares of Hagerty in the 4th quarter valued at $709,000,000. Fenimore Asset Management Inc. bought a new stake in shares of Hagerty in the 1st quarter valued at $5,973,000. Wasatch Advisors Inc. bought a new stake in shares of Hagerty in the 4th quarter valued at $92,147,000. Finally, Advisor Group Holdings Inc. bought a new stake in shares of Hagerty in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 19.23% of the company’s stock.

About Hagerty (NYSE:HGTY)

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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