Kenneth Ahn Sells 164,870 Shares of Hagerty (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) insider Kenneth Ahn sold 164,870 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $12.79, for a total value of $2,108,687.30. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Kenneth Ahn also recently made the following trade(s):

• On Wednesday, January 7th, Kenneth Ahn sold 24,247 shares of Hagerty stock. The shares were sold at an average price of $13.08, for a total value of $317,150.76.
• On Tuesday, January 6th, Kenneth Ahn sold 10,883 shares of Hagerty stock. The shares were sold at an average price of $12.85, for a total transaction of $139,846.55.

Hagerty Stock Up 0.8%

Hagerty stock opened at $13.19 on Friday. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 47.11 and a beta of 0.89. The company’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $11.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 1.00. Hagerty, Inc. has a fifty-two week low of $8.03 and a fifty-two week high of $14.00.

Hagerty (NYSE:HGTY) last posted its earnings results on Tuesday, November 4th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. Hagerty had a net margin of 5.85% and a return on equity of 16.85%. The company had revenue of $359.01 million for the quarter, compared to analyst estimates of $354.36 million. As a group, sell-side analysts anticipate that Hagerty, Inc. will post 0.22 EPS for the current year.

Hagerty News Summary

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Company/market outlook — Hagerty says the classic-car market still has “serious momentum” heading into 2026, supporting recurring demand for its insurance and marketplace services and providing a fundamental tailwind for revenue and valuation services. Read More.
• Positive Sentiment: High-end auctions signal demand — A Michael Schumacher F1 car will be offered in a major January sale, illustrating continued price discovery and collector interest that can drive Hagerty’s valuation, content engagement and high-net-worth insurance opportunities. Read More.
• Neutral Sentiment: Analyst action is incremental — JPMorgan nudged its price target from $12 to $13 but kept a Neutral rating, a limited catalyst because the target sits roughly near current trading levels. Read More.
• Negative Sentiment: Large insider selling — Director/executive Kenneth Ahn sold roughly 200k+ HGTY shares across Jan. 5–7 (largest single disclosed block ~164,870 shares at ~$12.79, plus additional sales), representing multi-million-dollar disposals that can create short-term selling pressure and investor caution about insider timing or liquidity needs. Read More.

Institutional Investors Weigh In On Hagerty

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc bought a new position in shares of Hagerty during the 2nd quarter worth approximately $30,000. Osaic Holdings Inc. boosted its holdings in Hagerty by 2,374.5% during the second quarter. Osaic Holdings Inc. now owns 4,949 shares of the company’s stock worth $50,000 after purchasing an additional 4,749 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Hagerty by 165.3% during the third quarter. BNP Paribas Financial Markets now owns 5,131 shares of the company’s stock worth $62,000 after purchasing an additional 3,197 shares during the last quarter. Bank of America Corp DE grew its position in Hagerty by 46.6% in the second quarter. Bank of America Corp DE now owns 8,571 shares of the company’s stock valued at $87,000 after purchasing an additional 2,726 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in Hagerty by 228.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 10,500 shares of the company’s stock valued at $106,000 after buying an additional 7,300 shares during the last quarter. Institutional investors own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

HGTY has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on Hagerty in a research report on Monday, September 22nd. They set a “market perform” rating and a $13.00 price target on the stock. Wall Street Zen raised Hagerty from a “hold” rating to a “buy” rating in a research note on Sunday, November 30th. Wells Fargo & Company assumed coverage on shares of Hagerty in a research note on Friday, October 3rd. They issued an “equal weight” rating and a $13.00 price target on the stock. Citigroup initiated coverage on shares of Hagerty in a report on Wednesday, October 1st. They issued an “outperform” rating for the company. Finally, Citizens Jmp started coverage on shares of Hagerty in a research report on Wednesday, October 1st. They set a “mkt outperform” rating and a $15.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Hagerty has a consensus rating of “Moderate Buy” and an average target price of $14.13.

Hagerty Company Profile

Hagerty is a specialized automotive lifestyle and insurance company that caters primarily to collectible car enthusiasts. Its core business centers on offering classic vehicle insurance policies designed to protect antique, vintage and specialty automobiles, motorcycles and boats. These policies typically feature agreed-value coverage, flexible usage options and access to restoration services, aligning with the unique needs of collectors and hobbyists.

Beyond insurance, Hagerty operates a comprehensive suite of community and content services under its automotive lifestyle brand.