Hagerty (HGTY) Projected to Post Earnings on Monday

Key Points

• Hagerty (NYSE:HGTY) is projected to release its Q2 2025 earnings on August 4th, with analysts expecting earnings of $0.11 per share and revenue of $347.15 million.
• The company previously reported earnings of $0.08 per share for Q1 2025, exceeding analysts' expectations and showing a revenue growth compared to last year's quarter.
• Hagerty's stock opened at $10.75 and has a market capitalization of $3.67 billion, with significant insider selling recently recorded.

Hagerty (NYSE:HGTY - Get Free Report) will likely be releasing its Q2 2025 earnings data before the market opens on Monday, August 4th. Analysts expect Hagerty to post earnings of $0.11 per share and revenue of $347.15 million for the quarter. Hagerty has set its FY 2025 guidance at EPS.

Hagerty (NYSE:HGTY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $319.59 million during the quarter, compared to analysts' expectations of $299.92 million. Hagerty had a net margin of 4.73% and a return on equity of 13.55%. During the same quarter in the prior year, the company earned $0.04 earnings per share. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Stock Up 1.1%

Shares of Hagerty stock traded up $0.12 on Thursday, hitting $10.16. The company had a trading volume of 17,636 shares, compared to its average volume of 69,542. The firm has a market capitalization of $3.47 billion, a P/E ratio of 50.78 and a beta of 0.90. Hagerty has a twelve month low of $8.03 and a twelve month high of $12.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50-day moving average of $9.94 and a 200-day moving average of $9.59.

Insiders Place Their Bets

In other Hagerty news, Director Robert I. Kauffman sold 110,600 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $10.46, for a total transaction of $1,156,876.00. Following the completion of the transaction, the director owned 3,205,390 shares of the company's stock, valued at $33,528,379.40. This represents a 3.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 845,995 shares of company stock worth $8,526,942. Corporate insiders own 17.90% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hagerty stock. Goldman Sachs Group Inc. grew its holdings in Hagerty, Inc. (NYSE:HGTY - Free Report) by 24.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,383 shares of the company's stock after buying an additional 7,459 shares during the period. Goldman Sachs Group Inc.'s holdings in Hagerty were worth $338,000 at the end of the most recent quarter. Institutional investors and hedge funds own 20.51% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on shares of Hagerty from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th.

About Hagerty

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.