Hagerty (HGTY) Stock Price, News & Analysis

Company Overview

Hagerty, Inc. provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; 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. In addition, it offers HVT, a valuation tool used by the customer to access current and historic pricing data of collector vehicle models. Further, the company offers Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. Hagerty, Inc. is headquartered in Traverse City, Michigan.

Key Stats

• Today's Range: $10.99 to $11.25
• 50-Day Range: $10.17 to $11.96
• 52-Week Range: $7.68 to $12.35
• Volume: 122,215 shs
• Average Volume: 93,933 shs
• Market Capitalization: $3.77 billion
• P/E Ratio: 100.55
• Dividend Yield: N/A
• Price Target: $11.00
• Consensus Rating: Hold

Hagerty Stock Analysis - MarketRank™

Hagerty scored higher than 33% of companies evaluated by MarketBeat, and ranked 158th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Hagerty has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hagerty has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 43.48%

Earnings Growth

Earnings for Hagerty are expected to grow by 43.48% in the coming year, from $0.23 to $0.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hagerty is 100.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hagerty is 100.55, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 96.69.

Price to Book Value per Share Ratio

Hagerty has a P/B Ratio of 7.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.46% of the float of Hagerty has been sold short.

Short Interest Ratio / Days to Cover

Hagerty has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Hagerty has recently decreased by 2.05%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Hagerty does not currently pay a dividend.

Dividend Growth

Hagerty does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.46% of the float of Hagerty has been sold short.

Short Interest Ratio / Days to Cover

Hagerty has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Hagerty has recently decreased by 2.05%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.60

News Sentiment

Hagerty has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Hagerty this week, compared to 3 articles on an average week.

Search Interest

1 people have searched for HGTY on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Hagerty to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hagerty insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,647,469.00 in company stock.

Percentage Held by Insiders

17.90% of the stock of Hagerty is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 20.51% of the stock of Hagerty is held by institutions.

HGTY Stock Analysis - Frequently Asked Questions

How have HGTY shares performed this year?

Hagerty's stock was trading at $7.80 at the start of the year. Since then, HGTY stock has increased by 41.8% and is now trading at $11.06.
View the best growth stocks for 2024 here.

Who are Hagerty's major shareholders?

Top institutional shareholders of Hagerty include Markel Group Inc. (0.88%), Confluence Investment Management LLC (0.10%), Geode Capital Management LLC (0.07%) and Charles Schwab Investment Management Inc. (0.04%). Insiders that own company stock include Robert I Kauffman and Laurie Harris.
View institutional ownership trends.

How do I buy shares of Hagerty?

Shares of HGTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Hagerty own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hagerty investors own include NVIDIA (NVDA), Broadcom (AVGO), Arista Networks (ANET), Adobe (ADBE), Jabil (JBL), Novo Nordisk A/S (NVO) and General Electric (GE).

Company Calendar

• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/11/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Insurance agents, brokers, & service
• Sub-Industry: Insurance
• Current Symbol: NYSE:HGTY
• CUSIP: N/A
• CIK: 1840776
• Web: www.aldelfinancial.com
• Phone: 800-922-4050
• Fax: N/A
• Employees: 1,732
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $11.00
• High Stock Price Target: $11.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: -0.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.11
• Trailing P/E Ratio: 100.55
• Forward P/E Ratio: 48.09
• P/E Growth: N/A
• Net Income: $20.23 million
• Net Margins: 5.27%
• Pretax Margin: 8.10%
• Return on Equity: 12.06%
• Return on Assets: 3.26%

Debt

• Debt-to-Equity Ratio: 0.23
• Current Ratio: 1.01
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $1.16 billion
• Price / Sales: 3.26
• Cash Flow: $0.20 per share
• Price / Cash Flow: 56.29
• Book Value: $1.22 per share
• Price / Book: 9.07

Miscellaneous

• Outstanding Shares: 341,066,000
• Free Float: 280,015,000
• Market Cap: $3.77 billion
• Optionable: Optionable
• Beta: 0.78