Hagerty Inc (NYSE:HGTY) Share price down 2.8%

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Hagerty, Inc. (NYSE: HGTYGet a rating) shares fell 2.8% on Tuesday. The stock traded as low as $10.64 and last traded at $10.78. About 9,228 shares changed hands during trading, down 97% from the average daily volume of 284,060 shares. The stock previously closed at $11.09.

The company has a 50-day moving average price of $9.93 and a two-hundred-day moving average price of $12.69. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt ratio of 0.40.

Hagerty (NYSE: HGTYGet a rating) last released its quarterly earnings data on Monday, May 9. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $167.81 million for the quarter.

Several hedge funds have recently bought and sold shares of HGTY. State Farm Mutual Automobile Insurance Co. bought a new stock position in Hagerty in the fourth quarter worth about $709,000,000. Wasatch Advisors Inc. bought a new stock position in Hagerty in the fourth quarter worth approximately $92,147,000. Bank of America Corp DE bought a new position in Hagerty during the fourth quarter worth approximately $21,288,000. Fenimore Asset Management Inc. bought a new position in Hagerty during the first quarter worth approximately $5,973,000. Finally, Vanguard Group Inc. increased its position in Hagerty by 39.4% during the first quarter. Vanguard Group Inc. now owns 1,263,265 shares of the company valued at $13,631,000 after acquiring 356,937 additional shares in the last quarter. Institutional investors hold 19.23% of the company’s shares.

About Hagerty (NYSE: HGTY)

Hagerty, Inc provides insurance agency services worldwide. It offers auto and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes content through HDC magazine, video content, YouTube channel; HDC which offers subscription-based products and services, including HDC Magazine, automotive enthusiast events, exclusive vehicle review tools, emergency roadside assistance services and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historical pricing data for collector car, truck, SUV and motorcycle models; and Hagerty Events, an eclectic mix of small and large events.

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