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NYSE:HGTY

Hagerty (HGTY) Stock Forecast, Price & News

$8.16
-0.04 (-0.49%)
(As of 01:01 PM ET)
Compare
Today's Range
$8.16
▼
$8.28
50-Day Range
$8.16
▼
$9.42
52-Week Range
$7.72
▼
$10.42
Volume
19,551 shs
Average Volume
99,182 shs
Market Capitalization
$2.74 billion
P/E Ratio
816.00
Dividend Yield
N/A
Price Target
$11.00
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

Hagerty MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
34.3% Upside
$11.00 Price Target
Short Interest
Healthy
1.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
1,000.00%
From $0.01 to $0.11 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Retail/Wholesale Sector

143rd out of 213 stocks

Insurance Agents, Brokers, & Service Industry

11th out of 19 stocks

See Top Rated MarketRank™ Stocks Here

HGTY stock logo

About Hagerty (NYSE:HGTY) Stock

Hagerty, Inc. provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company also 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; HVT, a valuation tool used by the customer to access current and historic pricing data of collector vehicle models; and Hagerty Events, an eclectic mix of small and large events. In addition, it offers Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. The company is headquartered in Traverse City, Michigan.

HGTY Price History

HGTY Stock News Headlines

August 30, 2023 | finance.yahoo.com
Hagerty to Participate in the KBW Insurance Conference on September 7th, 2023
August 29, 2023 | bizjournals.com
Classic car lifestyle brand closed Dublin office after switch to remote work
September 29, 2023 | PressReach (Ad)
This Stock's a Sleeping Giant
The stock everyone has their eye on - discover why it's the talk of the investment world.
August 26, 2023 | seekingalpha.com
Hagerty: Lacking Margin Expansions Warrant A Sell
August 22, 2023 | benzinga.com
Broad Arrow Radius Auction Achieves $57.5M with 84% Sell-Through at the Monterey Jet Center with Sales Led by Ferrari F50, 288 GTO, and 250 GT Lusso
August 12, 2023 | seekingalpha.com
Greenhaven Road Capital - Hagerty: One Day Closer To State Farm
August 12, 2023 | seekingalpha.com
Hagerty, Inc. 2023 Q2 - Results - Earnings Call Presentation
August 8, 2023 | msn.com
Hagerty, Inc. (HGTY) Q2 Earnings and Revenues Beat Estimates
September 29, 2023 | PressReach (Ad)
This Stock's a Sleeping Giant
The stock everyone has their eye on - discover why it's the talk of the investment world.
August 8, 2023 | benzinga.com
Hagerty's Earnings Outlook
August 8, 2023 | finance.yahoo.com
Hagerty Reports Second Quarter 2023 Results; Increases 2023 Outlook
August 3, 2023 | finance.yahoo.com
Hagerty names Diana Chafey as new Chief Legal Officer, announces General Counsel Barbara Matthews' retirement from Hagerty
July 27, 2023 | benzinga.com
Broad Arrow Releases Digital Catalog and Announces Final Additions to Radius Auction at the Monterey Jet Center
July 25, 2023 | markets.businessinsider.com
Hagerty Marketplace Shares 2023 Online Auction Performance Highlights, Summer Consignment News
July 20, 2023 | benzinga.com
CTEK And Hagerty Drivers Club Partner To Provide Charging Solutions, Member Benefits
July 11, 2023 | finance.yahoo.com
Hagerty to Report Second Quarter 2023 Results and Host Conference Call on Tuesday, August 8, 2023
July 7, 2023 | msn.com
Hagerty Inc - (HGTY) Price Target Decreased by 26.67% to 11.22
June 23, 2023 | msn.com
Hagerty raises $105M to improve operating efficiencies
June 23, 2023 | finance.yahoo.com
Hagerty Raises $105 Million in Capital from Strategic Investors
June 20, 2023 | markets.businessinsider.com
Detroit Concours Announces Details for 2023 Event, Two Day Celebration of American Automotive Culture
June 17, 2023 | msn.com
Truist Securities Initiates Coverage of Hagerty Inc - (HGTY) with Hold Recommendation
June 12, 2023 | finance.yahoo.com
1964 Porsche 904 Carrera GTS Leads Broad Arrow’s $20 Million Sale at Porsche 75th Anniversary Auction with Final Price of $2,535,000
May 9, 2023 | finance.yahoo.com
Hagerty, Inc. (HGTY) Reports Q1 Loss, Tops Revenue Estimates
May 9, 2023 | finance.yahoo.com
Hagerty Reports First Quarter 2023 Results
April 27, 2023 | finance.yahoo.com
Broad Arrow and Hagerty Marketplace Launch Retro Motors Collection - Now Available for Online Bidding
April 26, 2023 | finance.yahoo.com
Hagerty Marketplace Brings Retro Motors Collection to Online Auction Platform
April 21, 2023 | finance.yahoo.com
Hagerty to Report First Quarter 2023 Results and Host Conference Call on Tuesday, May 9, 2023
See More Headlines
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HGTY Company Calendar

Last Earnings
8/08/2023
Today
9/29/2023
Next Earnings (Estimated)
11/09/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Insurance agents, brokers, & service
Sub-Industry
N/A
Sector
Retail/Wholesale
Current Symbol
NYSE:HGTY
CUSIP
N/A
CIK
1840776
Web
www.aldelfinancial.com
Phone
800-922-4050
Fax
N/A
Employees
1,874
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.00
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+34.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.01
Trailing P/E Ratio
820.00
Forward P/E Ratio
820.00
P/E Growth
N/A
Net Income
$32.08 million
Net Margins
1.17%
Pretax Margin
0.49%
Return on Equity
-7.80%
Return on Assets
-2.11%

Debt

Debt-to-Equity Ratio
0.21
Current Ratio
1.39
Quick Ratio
1.39

Sales & Book Value

Annual Sales
$787.59 million
Price / Sales
3.49
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.10 per share
Price / Book
7.45

Miscellaneous

Outstanding Shares
335,510,000
Free Float
275,456,000
Market Cap
$2.75 billion
Optionable
Not Optionable
Beta
0.70
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Key Executives

  • Mr. McKeel O. Hagerty (Age 56)
    CEO & Director
    Comp: $1.08M
  • Ms. Collette Champagne (Age 53)
    Chief HR Officer & CAO
    Comp: $549.71k
  • Mr. Frederick James Turcotte (Age 62)
    Special Project Advisor
    Comp: $938.7k
  • Ms. Barbara E. Matthews (Age 60)
    Sr. Advisor
    Comp: $474.5k
  • Mr. Patrick S. McClymont (Age 53)
    Chief Financial Officer
  • Mr. Kevin M. Delaney (Age 50)
    Principal Accounting Officer, Chief Accounting Officer & Corp. Controller
  • Mr. Russell Page
    Chief Information Officer
  • Mr. Jason Koval
    Sr. VP of Investor Relations
  • Ms. Diana Marie Chafey (Age 54)
    Chief Legal Officer & Corp. Sec.
  • Mr. Paul E. Rehrig B.A. (Age 50)
    Pres of Media, Marketing & Membership

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













HGTY Stock - 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 forecast for 2023?

2 Wall Street analysts have issued 1 year price targets for Hagerty's shares. Their HGTY share price forecasts range from $11.00 to $11.00. On average, they expect the company's share price to reach $11.00 in the next twelve months. This suggests a possible upside of 34.1% 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 2023?

Hagerty's stock was trading at $8.41 on January 1st, 2023. Since then, HGTY stock has decreased by 2.5% and is now trading at $8.20.
View the best growth stocks for 2023 here.

Are investors shorting Hagerty?

Hagerty saw a drop in short interest in September. As of September 15th, there was short interest totaling 1,280,000 shares, a drop of 5.9% from the August 31st total of 1,360,000 shares. Based on an average daily trading volume, of 90,800 shares, the days-to-cover ratio is currently 14.1 days. Approximately 1.7% of the shares of the stock are sold short.
View Hagerty's Short Interest.

When is Hagerty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our HGTY earnings forecast.

How were Hagerty's earnings last quarter?

Hagerty, Inc. (NYSE:HGTY) released its quarterly earnings results on Tuesday, August, 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The firm earned $261.24 million during the quarter, compared to analyst estimates of $259.56 million. Hagerty had a negative trailing twelve-month return on equity of 7.80% and a net margin of 1.17%.

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

Hagerty issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $968.00M-$1.00 billion, compared to the consensus revenue estimate of $991.60 million.

What is Hagerty's stock symbol?

Hagerty trades on the New York Stock Exchange (NYSE) under the ticker symbol "HGTY."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hagerty's stock price today?

One share of HGTY stock can currently be purchased for approximately $8.20.

How much money does Hagerty make?

Hagerty (NYSE:HGTY) has a market capitalization of $2.75 billion and generates $787.59 million in revenue each year. The company earns $32.08 million in net income (profit) each year or $0.01 on an earnings per share basis.

How many employees does Hagerty have?

The company employs 1,874 workers across the globe.

How can I contact Hagerty?

Hagerty's mailing address is 105 S MAPLE STREET, ITASCA IL, 60143. The official website for the company is www.aldelfinancial.com. The company can be reached via phone at 800-922-4050 or via email at info@aldelfinancial.com.

This page (NYSE:HGTY) was last updated on 9/29/2023 by MarketBeat.com Staff

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