Brokerages Set Hagerty, Inc. (NYSE:HGTY) PT at $14.13

Hagerty, Inc. (NYSE:HGTY) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.1250.

HGTY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Hagerty from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Wall Street Zen raised Hagerty from a “hold” rating to a “buy” rating in a report on Sunday, November 30th. JPMorgan Chase & Co. upped their price target on Hagerty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hagerty in a research report on Monday, December 29th.

Insider Activity at Hagerty

In related news, insider Kenneth Ahn sold 50,000 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $12.41, for a total value of $620,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 351,350 shares of company stock worth $4,474,572 over the last ninety days. 16.70% of the stock is owned by insiders.

Institutional Trading of Hagerty

Institutional investors and hedge funds have recently modified their holdings of the stock. Yorktown Management & Research Co Inc bought a new position in Hagerty during the 4th quarter worth approximately $270,000. Lincoln Capital LLC increased its stake in Hagerty by 3.2% in the fourth quarter. Lincoln Capital LLC now owns 812,858 shares of the company’s stock valued at $10,925,000 after purchasing an additional 25,471 shares in the last quarter. Greenhaven Road Investment Management L.P. raised its holdings in Hagerty by 47.1% in the third quarter. Greenhaven Road Investment Management L.P. now owns 2,664,784 shares of the company’s stock worth $32,084,000 after purchasing an additional 853,245 shares during the period. Woodline Partners LP bought a new position in shares of Hagerty during the third quarter worth $3,339,000. Finally, Polar Capital Holdings Plc boosted its position in shares of Hagerty by 9.4% during the third quarter. Polar Capital Holdings Plc now owns 5,817,416 shares of the company’s stock worth $70,042,000 after purchasing an additional 498,389 shares in the last quarter. 20.51% of the stock is owned by institutional investors.

Hagerty Price Performance

NYSE:HGTY opened at $12.67 on Friday. The firm has a market cap of $4.33 billion, a PE ratio of 45.24 and a beta of 0.89. The company’s 50-day moving average price is $12.97 and its two-hundred day moving average price is $12.07. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.17. Hagerty has a 12 month low of $8.03 and a 12 month high of $14.00.

Hagerty (NYSE:HGTY) last announced its earnings results on Tuesday, November 4th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Hagerty had a return on equity of 16.85% and a net margin of 5.85%.The business had revenue of $359.01 million for the quarter, compared to the consensus estimate of $354.36 million. On average, equities analysts anticipate that Hagerty will post 0.22 EPS for the current fiscal year.

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.