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Director Robert I. Kauffman of Hagerty, Inc. (NYSE:HGTY), the $3.8 billion specialty insurance provider, sold a total of 35,149 shares of Class A Common Stock between October 17 and October 21, 2025. The sales, executed under a pre-arranged 10b5-1 trading plan, totaled approximately $395,450. According to InvestingPro analysis, the stock appears undervalued despite falling 7.6% in the past week.
On October 17, Kauffman sold 14,644 shares at a weighted average price of $11.33, in a range of $11.21 to $11.51. On October 20, he sold 8,286 shares at a weighted average price of $11.20, in a range of $11.12 to $11.43. The final sale occurred on October 21, with 12,219 shares sold at a weighted average price of $11.19, in a range of $11.03 to $11.29. Investors should note that Hagerty is scheduled to report earnings on November 6, which could provide fresh insights into the company’s performance.
The shares are indirectly owned by Aldel LLC, where Kauffman serves as manager and has voting and investment discretion. Following these transactions, Aldel LLC’s holdings stand at 952,593 shares of Hagerty, Inc. For deeper insights into Hagerty’s valuation metrics and 8 additional key investment tips, visit InvestingPro, where you’ll find comprehensive analysis in our Pro Research Report.
In other recent news, Hagerty Inc. has announced a secondary offering of 8.7 million shares of its Class A Common Stock. This offering is conducted by stockholders Hagerty Holding Corp. and Aldel LLC, who will also provide underwriters a 30-day option to purchase an additional 1.3 million shares. Hagerty clarified that it will not receive any proceeds from this sale. In terms of analyst activity, Wells Fargo has reiterated its Equal Weight rating on Hagerty with a $13.00 price target. Additionally, JMP Securities has initiated coverage with a Market Outperform rating and a $15.00 price target, while BMO Capital has started coverage with a Market Perform rating and a $13.00 price target. Oppenheimer also began coverage, assigning an Outperform rating and a $15.00 price target. These recent developments highlight the diverse analyst perspectives on Hagerty’s market position.
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