Citizens Jmp Forecasts Strong Price Appreciation for Hagerty (NYSE:HGTY) Stock

Key Points

• Citizens JMP raised its Hagerty price target from $15 to $19 and maintained a “market outperform” rating, implying 12% upside from the stock’s current price.
• Hagerty’s latest quarter beat expectations, with adjusted EPS of $0.10 versus a $0.01 consensus and revenue of $354.2 million versus an estimated $339.0 million. The company also raised its 2026 outlook, including projected net income of $48 million to $60 million.
• Analyst views remain mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $15.43, compared with three Buy ratings and five Hold ratings.

Hagerty (NYSE:HGTY - Get Free Report) had its price objective increased by equities research analysts at Citizens Jmp from $15.00 to $19.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "market outperform" rating on the stock. Citizens Jmp's price target points to a potential upside of 12.00% from the company's current price.

HGTY has been the subject of several other research reports. Truist Financial raised their price objective on Hagerty from $11.00 to $13.00 and gave the company a "hold" rating in a research report on Friday, August 7th. Wells Fargo & Company upped their target price on shares of Hagerty from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 9th. Weiss Ratings upgraded shares of Hagerty from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods increased their price target on shares of Hagerty from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Finally, Oppenheimer reissued an "outperform" rating and set a $20.00 price target on shares of Hagerty in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Hagerty has a consensus rating of "Hold" and an average price target of $15.43.

Hagerty Trading Up 6.8%

HGTY opened at $16.96 on Wednesday. The stock has a market cap of $5.83 billion, a PE ratio of 188.50 and a beta of 0.83. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $14.26 and a 200-day moving average of $12.10. Hagerty has a 52 week low of $9.36 and a 52 week high of $17.29.

Hagerty (NYSE:HGTY - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.09. The company had revenue of $354.24 million for the quarter, compared to analyst estimates of $338.99 million. Hagerty had a return on equity of 5.15% and a net margin of 1.81%. Equities research analysts predict that Hagerty will post 0.01 earnings per share for the current fiscal year.

Insider Activity at Hagerty

In other news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $11.47, for a total value of $15,914,625.00. Following the sale, the insider directly owned 9,250,000 shares of the company's stock, valued at approximately $106,097,500. This represents a 13.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Hagerty

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in Hagerty by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 39,730 shares of the company's stock valued at $418,000 after purchasing an additional 1,209 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Hagerty by 107.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,072 shares of the company's stock valued at $32,000 after acquiring an additional 1,591 shares in the last quarter. E. Ohman J or Asset Management AB raised its stake in shares of Hagerty by 4.2% in the third quarter. E. Ohman J or Asset Management AB now owns 48,047 shares of the company's stock worth $647,000 after purchasing an additional 1,941 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Hagerty in the second quarter worth $28,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Hagerty in the third quarter worth $55,000. Hedge funds and other institutional investors own 20.51% of the company's stock.

More Hagerty News

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Adjusted third-quarter EPS was $0.10, above the $0.01 consensus estimate, while revenue of $354.2 million also topped expectations of $339.0 million. Hagerty reports third-quarter 2026 results
• Positive Sentiment: Hagerty raised its 2026 outlook, forecasting net income of $48 million to $60 million and adjusted EBITDA of $305 million to $315 million—an indication of improved profit expectations. Hagerty reports third-quarter 2026 results
• Positive Sentiment: Operating metrics showed momentum: year-to-date written premium grew 18% to $1.099 billion, Hagerty added a record 402,000 members, and adjusted EBITDA rose 43% to $257 million. More than 60% of new insurance quotes came from younger buyers, potentially broadening its customer base. Hagerty: 3 key takeaways for long-term investors
• Neutral Sentiment: Broad Arrow’s Las Vegas auction generated a record $92.8 million in sales, a favorable sign for collector-car activity, though auction totals do not directly equal Hagerty revenue. Broad Arrow Las Vegas auction results
• Negative Sentiment: Reported revenue declined year over year, which Hagerty had previously attributed to the transition to its Markel fronting arrangement. The company also reported $189 million in year-to-date pretax transition costs, weighing on reported net income compared with the prior-year period. Hagerty Q3 adjusted earnings rise, revenue falls

Hagerty Company Profile

Hagerty, Inc is an automotive lifestyle and insurance company focused on enthusiasts and owners of classic, collector and specialty vehicles. The company provides insurance brokerage and related services designed for collector vehicles, with coverage generally underwritten by third-party insurance carriers.

In addition to insurance, Hagerty offers vehicle valuation and pricing information, membership programs, editorial content, events and enthusiast-focused digital services. Its offerings include Hagerty Drivers Club, Hagerty Valuations and Hagerty Marketplace, which connects buyers and sellers of collectible vehicles.

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