NYSE:HGTY Hagerty (HGTY) Stock Forecast, Price & News $8.20 +0.03 (+0.37%) (As of 05:07 PM ET) Add Compare Share Share Today's Range$8.16▼$8.3750-Day Range$8.16▼$9.4252-Week Range$7.72▼$10.42Volume39,611 shsAverage Volume99,615 shsMarket Capitalization$2.75 billionP/E Ratio820.00Dividend YieldN/APrice Target$11.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Hagerty MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside34.1% Upside$11.00 Price TargetShort InterestHealthy1.71% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth1,000.00%From $0.01 to $0.11 Per ShareSee Full Details Hide Full Details 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 starsRetail/Wholesale Sector142nd out of 212 stocksInsurance Agents, Brokers, & Service Industry12th out of 19 stocks 3.0 Analyst's Opinion Consensus RatingHagerty 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.00, Hagerty has a forecasted upside of 34.1% from its current price of $8.20.Amount of Analyst CoverageHagerty has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.71% of the float of Hagerty has been sold short.Short Interest Ratio / Days to CoverHagerty has a short interest ratio ("days to cover") of 14.1, which indicates bearish sentiment.Change versus previous monthShort interest in Hagerty has recently decreased by 5.88%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldHagerty does not currently pay a dividend.Dividend GrowthHagerty does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HGTY. Previous Next 1.4 News and Social Media Coverage News SentimentHagerty has a news sentiment score of 0.50. 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 news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 1 news article for Hagerty this week, compared to 1 article on an average week. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Hagerty insiders have not sold or bought any company stock.Percentage Held by Insiders17.90% 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 InstitutionsOnly 20.79% of the stock of Hagerty is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Hagerty are expected to grow by 1,000.00% in the coming year, from $0.01 to $0.11 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Hagerty is 820.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 120.89.Price to Earnings Ratio vs. SectorThe P/E ratio of Hagerty is 820.00, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 21.70.Price to Book Value per Share RatioHagerty has a P/B Ratio of 7.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Hagerty (NYSE:HGTY) StockHagerty, 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.Read More HGTY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart HGTY Stock News HeadlinesAugust 30, 2023 | finance.yahoo.comHagerty to Participate in the KBW Insurance Conference on September 7th, 2023August 29, 2023 | bizjournals.comClassic car lifestyle brand closed Dublin office after switch to remote workSeptember 28, 2023 | Micro-Cap Stock Trader (Ad)U.S. drive to onshore battery supply chains could create big winners in lithiumInvestor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsAugust 26, 2023 | seekingalpha.comHagerty: Lacking Margin Expansions Warrant A SellAugust 22, 2023 | benzinga.comBroad 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 LussoAugust 12, 2023 | seekingalpha.comGreenhaven Road Capital - Hagerty: One Day Closer To State FarmAugust 12, 2023 | seekingalpha.comHagerty, Inc. 2023 Q2 - Results - Earnings Call PresentationAugust 8, 2023 | msn.comHagerty, Inc. (HGTY) Q2 Earnings and Revenues Beat EstimatesSeptember 28, 2023 | Micro-Cap Stock Trader (Ad)Unlock the treasure on Mount Olympus with this little-known mining stock.Investor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsAugust 8, 2023 | benzinga.comHagerty's Earnings OutlookAugust 8, 2023 | finance.yahoo.comHagerty Reports Second Quarter 2023 Results; Increases 2023 OutlookAugust 3, 2023 | finance.yahoo.comHagerty names Diana Chafey as new Chief Legal Officer, announces General Counsel Barbara Matthews' retirement from HagertyJuly 27, 2023 | benzinga.comBroad Arrow Releases Digital Catalog and Announces Final Additions to Radius Auction at the Monterey Jet CenterJuly 25, 2023 | markets.businessinsider.comHagerty Marketplace Shares 2023 Online Auction Performance Highlights, Summer Consignment NewsJuly 20, 2023 | benzinga.comCTEK And Hagerty Drivers Club Partner To Provide Charging Solutions, Member BenefitsJuly 11, 2023 | finance.yahoo.comHagerty to Report Second Quarter 2023 Results and Host Conference Call on Tuesday, August 8, 2023July 7, 2023 | msn.comHagerty Inc - (HGTY) Price Target Decreased by 26.67% to 11.22June 23, 2023 | msn.comHagerty raises $105M to improve operating efficienciesJune 23, 2023 | finance.yahoo.comHagerty Raises $105 Million in Capital from Strategic InvestorsJune 20, 2023 | markets.businessinsider.comDetroit Concours Announces Details for 2023 Event, Two Day Celebration of American Automotive CultureJune 17, 2023 | msn.comTruist Securities Initiates Coverage of Hagerty Inc - (HGTY) with Hold RecommendationJune 12, 2023 | finance.yahoo.com1964 Porsche 904 Carrera GTS Leads Broad Arrow’s $20 Million Sale at Porsche 75th Anniversary Auction with Final Price of $2,535,000May 9, 2023 | finance.yahoo.comHagerty, Inc. (HGTY) Reports Q1 Loss, Tops Revenue EstimatesMay 9, 2023 | finance.yahoo.comHagerty Reports First Quarter 2023 ResultsApril 27, 2023 | finance.yahoo.comBroad Arrow and Hagerty Marketplace Launch Retro Motors Collection - Now Available for Online BiddingApril 26, 2023 | finance.yahoo.comHagerty Marketplace Brings Retro Motors Collection to Online Auction PlatformApril 21, 2023 | finance.yahoo.comHagerty to Report First Quarter 2023 Results and Host Conference Call on Tuesday, May 9, 2023See More Headlines Receive HGTY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Hagerty and its competitors with MarketBeat's FREE daily newsletter. Email Address HGTY Company Calendar Last Earnings8/08/2023Today9/28/2023Next Earnings (Estimated)11/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Insurance agents, brokers, & service Sub-IndustryN/A SectorRetail/Wholesale Current SymbolNYSE:HGTY CUSIPN/A CIK1840776 Webwww.aldelfinancial.com Phone800-922-4050FaxN/AEmployees1,874Year FoundedN/APrice Target and Rating Average Stock Price Forecast$11.00 High Stock Price Forecast$11.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+34.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.01 Trailing P/E Ratio817.00 Forward P/E Ratio817.00 P/E GrowthN/ANet Income$32.08 million Net Margins1.17% Pretax Margin0.49% Return on Equity-7.80% Return on Assets-2.11% Debt Debt-to-Equity Ratio0.21 Current Ratio1.39 Quick Ratio1.39 Sales & Book Value Annual Sales$787.59 million Price / Sales3.48 Cash FlowN/A Price / Cash FlowN/A Book Value$1.10 per share Price / Book7.43Miscellaneous Outstanding Shares335,510,000Free Float275,456,000Market Cap$2.74 billion OptionableNot Optionable Beta0.70 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. McKeel O. Hagerty (Age 56)CEO & Director Comp: $1.08MMs. Collette Champagne (Age 53)Chief HR Officer & CAO Comp: $549.71kMr. Frederick James Turcotte (Age 62)Special Project Advisor Comp: $938.7kMs. Barbara E. Matthews (Age 60)Sr. Advisor Comp: $474.5kMr. Patrick S. McClymont (Age 53)Chief Financial Officer Mr. Kevin M. Delaney (Age 50)Principal Accounting Officer, Chief Accounting Officer & Corp. Controller Mr. Russell PageChief Information OfficerMr. Jason KovalSr. VP of Investor RelationsMs. Diana Marie Chafey (Age 54)Chief Legal Officer & Corp. Sec. Mr. Paul E. Rehrig B.A. (Age 50)Pres of Media, Marketing & Membership More ExecutivesKey CompetitorsAbercrombie & FitchNYSE:ANFQurate RetailNASDAQ:QRTEBGMSNYSE:GMSMacy'sNYSE:MUrban OutfittersNASDAQ:URBNView All CompetitorsInsiders & InstitutionsBarclays PLCBought 4,494 shares on 9/21/2023Ownership: 0.002%Garde Capital Inc.Bought 100,000 shares on 8/29/2023Ownership: 0.030%Wells Fargo & Company MNBought 2,397 shares on 8/15/2023Ownership: 0.001%Granahan Investment Management LLCSold 1,088,933 shares on 8/14/2023Ownership: 0.056%State Street CorpBought 4,909 shares on 8/14/2023Ownership: 0.037%View All Insider TransactionsView All Institutional Transactions HGTY Stock - Frequently Asked Questions Should I buy or sell Hagerty stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hagerty in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research 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 brokers have issued twelve-month price targets for Hagerty's shares. Their HGTY share price forecasts range from $11.00 to $11.00. On average, they anticipate the company's stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 34.6% 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 at the beginning of 2023. Since then, HGTY shares have decreased by 2.9% and is now trading at $8.17. 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 presently 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 data on Tuesday, August, 8th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The firm earned $261.24 million during the quarter, compared to analysts' expectations of $259.56 million. Hagerty had a net margin of 1.17% and a negative trailing twelve-month return on equity of 7.80%. What guidance has Hagerty issued on next quarter's earnings? Hagerty updated 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." Who are Hagerty's major shareholders? Hagerty's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Fenimore Asset Management Inc. (0.28%), BlackRock Inc. (0.18%), Confluence Investment Management LLC (0.14%), Royce & Associates LP (0.14%), Geode Capital Management LLC (0.09%) and Granahan Investment Management LLC (0.06%). 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 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 $8.17. How much money does Hagerty make? Hagerty (NYSE:HGTY) has a market capitalization of $2.74 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. 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