Should I buy or sell Hagerty stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hagerty in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HGTY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HGTY, but not buy additional shares or sell existing shares. View HGTY analyst ratings or view top-rated stocks .

What is Hagerty's stock price target for 2024?

2 analysts have issued 12-month price objectives for Hagerty's stock. Their HGTY share price targets range from $9.00 to $11.00. On average, they predict the company's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price. View analysts price targets for HGTY or view top-rated stocks among Wall Street analysts .

How have HGTY shares performed in 2024?

Hagerty's stock was trading at $7.80 at the beginning of 2024. Since then, HGTY shares have increased by 13.6% and is now trading at $8.86. View the best growth stocks for 2024 here .

When is Hagerty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our HGTY earnings forecast .

How were Hagerty's earnings last quarter?

Hagerty, Inc. (NYSE:HGTY) issued its quarterly earnings results on Tuesday, March, 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm earned $245.04 million during the quarter, compared to analyst estimates of $245.17 million. Hagerty had a trailing twelve-month return on equity of 4.53% and a net margin of 1.84%.

What guidance has Hagerty issued on next quarter's earnings?

Hagerty updated its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

Who are Hagerty's major shareholders?

Hagerty's stock is owned by many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.11%). Insiders that own company stock include Laurie Harris and Robert I Kauffman. 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 .

NYSE:HGTY

Hagerty (HGTY) Stock Price, News & Analysis

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$8.86

+0.16 (+1.84%)

(As of 04/19/2024 ET)

Compare

Today's Range: $8.52
▼
$8.89
50-Day Range: $8.13
▼
$9.18
52-Week Range: $7.52
▼
$10.36

Volume: 57,651 shs
Average Volume: 55,332 shs
Market Capitalization: $2.97 billion

P/E Ratio: 126.57
Dividend Yield: N/A
Price Target: $10.00

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Hagerty MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 12.9% Upside
$10.00 Price Target
Short Interest: Bearish
1.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.61
Based on 5 Articles This Week
Insider Trading: Selling Shares
$130,444 Sold Last Quarter
Proj. Earnings Growth: 36.84%
From $0.19 to $0.26 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.89 out of 5 stars

Retail/Wholesale Sector

148th out of 195 stocks

Insurance Agents, Brokers, & Service Industry

14th out of 17 stocks

2.0

Analyst's Opinion

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.

2.0

Short Interest

Percentage of Shares Shorted
1.40% 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 19.3, which indicates bearish sentiment.
Change versus previous month
Short interest in Hagerty has recently decreased by 2.78%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Hagerty does not currently pay a dividend.
Dividend Growth
Hagerty does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HGTY.

3.1

News and Social Media Coverage

News Sentiment
Hagerty has a news sentiment score of 0.61. 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 is a higher news sentiment than the 0.49 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Hagerty this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for HGTY on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.
MarketBeat Follows
2 people have added Hagerty to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

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 $130,444.00 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Hagerty are expected to grow by 36.84% in the coming year, from $0.19 to $0.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hagerty is 126.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hagerty is 126.57, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 25.61.
Price to Book Value per Share Ratio
Hagerty has a P/B Ratio of 7.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Hagerty Stock (NYSE:HGTY)

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.

HGTY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HGTY Stock News Headlines

April 18, 2024 | insidertrades.com

Hagerty, Inc. (NYSE:HGTY) Director Sells $31,254.30 in Stock

April 9, 2024 | insidertrades.com

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,998 Shares of Stock

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 29, 2024 | insidertrades.com

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,848 Shares

April 19, 2024 | americanbankingnews.com

Robert I. Kauffman Sells 3,465 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

April 17, 2024 | finance.yahoo.com

Broad Arrow Announces Final Lineup for All-Porsche Auction in Partnership with Air|Water in Costa Mesa, California on April 27

March 27, 2024 | prnewswire.com

Hagerty Celebrates 40 Years of Cars, Culture and Community with "Keepers of the Flame" Campaign Honoring Car Love

March 21, 2024 | finance.yahoo.com

Broad Arrow Announces Continued Expansion into the UK and EU with the Addition of Five New Team Members, including Veteran Car Specialists Joe Twyman and Robert Glover

April 19, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 16, 2024 | investing.com

Hagerty director Kauffman sells $88,875 in company stock

March 15, 2024 | investing.com

Earnings call: Hagerty surpasses $1 billion in annual revenue

March 14, 2024 | finance.yahoo.com

Hagerty, Inc.'s (NYSE:HGTY) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?

March 13, 2024 | seekingalpha.com

Brown and Brown buys assets of DealerMax, BofA updates to Underperform

March 13, 2024 | finance.yahoo.com

Hagerty, Inc. (NYSE:HGTY) Q4 2023 Earnings Call Transcript

March 12, 2024 | markets.businessinsider.com

Hagerty Turns To Profit In Q4; Sees Significant Growth In FY24; Stock Up In Pre-market

March 12, 2024 | finance.yahoo.com

Hagerty Inc (HGTY) Reports Strong Revenue Growth and Margin Improvement in Q4 2023

March 12, 2024 | prnewswire.com

Hagerty Reports 2023 Results; Expects Strong Growth and Margin Expansion to Continue in 2024

March 4, 2024 | prnewswire.com

1962 Ferrari 250 GTO and 1947 Delahaye 135MS Narval Cabriolet Named Best in Show at The Amelia

March 3, 2024 | investing.com

Hagerty Inc. board member Michael Angelina to retire in April

February 29, 2024 | money.usnews.com

Hagerty Inc - Ordinary Shares - Class A

February 27, 2024 | prnewswire.com

Hagerty to Report Fourth Quarter 2023 Results and Host Conference Call on Tuesday, March 12, 2024

February 20, 2024 | seekingalpha.com

Hagerty: An Overlooked, Fast Growing Niche Insurance Stock

February 18, 2024 | finance.yahoo.com

HGTY Mar 2024 10.000 call

February 12, 2024 | finance.yahoo.com

Will Hagerty, Inc. (HGTY) Beat Estimates Again in Its Next Earnings Report?

February 2, 2024 | finance.yahoo.com

Dale Earnhardt Jr., Jeff Gordon and Rick Hendrick to be Featured Guests During Famed "Racers' Concours" Week at The Amelia

January 19, 2024 | ca.sports.yahoo.com

Pre-War Greats from Gregorie Neck Collection Join Roster of Growing Highlights for Broad Arrow Amelia Island Auction

January 18, 2024 | finance.yahoo.com

Faultless 1973 Ferrari 365 GTB/4 Daytona Spider Leads Way for Latest Highlight Consignments to the Broad Arrow Amelia Island Auction this March 1-2

See More Headlines

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Company Calendar

Last Earnings: 3/12/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Retail/Wholesale
Industry: Insurance agents, brokers, & service
Sub-Industry: N/A
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: $10.00
High Stock Price Target: $11.00
Low Stock Price Target: $9.00
Potential Upside/Downside: +12.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.07
Trailing P/E Ratio: 126.43
Forward P/E Ratio: 46.63
P/E Growth: N/A
Net Income: $20.23 million
Net Margins: 1.84%
Pretax Margin: 4.48%
Return on Equity: 4.53%
Return on Assets: 1.16%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 1.48
Quick Ratio: 1.48

Sales & Book Value

Annual Sales: $1.00 billion
Price / Sales: 2.97
Cash Flow: $0.20 per share
Price / Cash Flow: 43.75
Book Value: $1.22 per share
Price / Book: 7.26

Miscellaneous

Outstanding Shares: 335,690,000
Free Float: 275,601,000
Market Cap: $2.97 billion
Optionable: Optionable
Beta: 0.77

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Key Executives

Mr. McKeel O. Hagerty (Age 57)
CEO & Director
Comp: $1.08M
Ms. Collette Champagne (Age 54)
Chief Human Resources Officer & CAO
Comp: $549.71k
Mr. Patrick S. McClymont (Age 54)
Chief Financial Officer
Mr. Kevin M. Delaney (Age 51)
Principal Accounting Officer, Chief Accounting Officer & Corporate Controller
Mr. Russell Page
Chief Information Officer
Mr. Jason Koval
Senior Vice President of Investor Relations & Communications
Ms. Diana Marie Chafey (Age 55)
Chief Legal Officer & Corporate Secretary
Mr. Paul E. Rehrig B.A. (Age 51)
President of Media, Marketing & Membership
Mr. Larry Webster
Senior Vice President of Hagerty Media
Mr. Chuck Favour
Chief Underwriting Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HGTY Stock Analysis - Frequently Asked Questions

Should I buy or sell Hagerty stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hagerty in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HGTY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HGTY, but not buy additional shares or sell existing shares.
View HGTY analyst ratings or view top-rated stocks.
What is Hagerty's stock price target for 2024?: 2 analysts have issued 12-month price objectives for Hagerty's stock. Their HGTY share price targets range from $9.00 to $11.00. On average, they predict the company's share price to reach $10.00 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for HGTY or view top-rated stocks among Wall Street analysts.
How have HGTY shares performed in 2024?: Hagerty's stock was trading at $7.80 at the beginning of 2024. Since then, HGTY shares have increased by 13.6% and is now trading at $8.86.
View the best growth stocks for 2024 here.
When is Hagerty's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our HGTY earnings forecast.

How were Hagerty's earnings last quarter?: Hagerty, Inc. (NYSE:HGTY) issued its quarterly earnings results on Tuesday, March, 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm earned $245.04 million during the quarter, compared to analyst estimates of $245.17 million. Hagerty had a trailing twelve-month return on equity of 4.53% and a net margin of 1.84%.
What guidance has Hagerty issued on next quarter's earnings?: Hagerty updated its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.
Who are Hagerty's major shareholders?: Hagerty's stock is owned by many different institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.11%). Insiders that own company stock include Laurie Harris and Robert I Kauffman.
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.

This page (NYSE:HGTY) was last updated on 4/19/2024 by MarketBeat.com Staff

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Hagerty (HGTY) Stock Price, News & Analysis

Hagerty MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Hagerty Stock (NYSE:HGTY)

HGTY Stock Price History

HGTY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

HGTY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™