Symbols / HGTY Stock $10.67 -0.47% Hagerty, Inc.

Financial Services • Insurance - Property & Casualty • United States • NYQ
HGTY (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Property & Casualty
CEO Mr. McKeel O. Hagerty
Exch · Country NYQ · United States
Market Cap 3.66B
Enterprise Value 936.36M
Income 38.68M
Sales 1.46B
FCF (ttm) 197.27M
Book/sh 2.20
Cash/sh 8.82
Employees 1,891
Insider 10d —
IPO Jun 01, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 28.84
Forward P/E 18.01
PEG 0.23
P/S 2.51
P/B 4.85
P/C —
EV/EBITDA 4.30
EV/Sales 0.64
Quick Ratio 1.11
Current Ratio 1.42
Debt/Eq 29.93
LT Debt/Eq —
EPS (ttm) 0.37
EPS next Y 0.59
EPS Growth 4.10%
Revenue Growth 16.50%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-02-26
ROA 5.92%
ROE 20.91%
ROIC —
Gross Margin 62.30%
Oper. Margin 18.64%
Profit Margin 2.85%
Shs Outstand 101.07M
Shs Float 46.78M
Insider Own 6.21%
Instit Own 89.95%
Short Float 1.81%
Short Ratio 4.65
Short Interest 789.69K
52W High 14.00
vs 52W High -23.79%
52W Low 8.67
vs 52W Low 23.07%
Beta 0.93
Impl. Vol. 6.25%
Rel Volume 0.98
Avg Volume 155.80K
Volume 152.96K
Target (mean) $13.29
Tgt Median $13.00
Tgt Low $11.00
Tgt High $15.00
# Analysts 7
Recom Hold
Prev Close $10.72
Price $10.67
Change -0.47%
About

Hagerty, Inc. provides insurance services for collector cars and enthusiast vehicles in the United States, Canada, and the United Kingdom. It operates through Insurance and Marketplace segments. The company operates as a managing general agent that underwrites, sells, and services collector car and enthusiast vehicle insurance policies. It also provides Hagerty Drivers Club memberships, which are bundled with insurance policies and give subscribers access to an array of products and services, such as emergency roadside assistance, the Hagerty Drivers Club magazine, special access to automotive enthusiast events, a proprietary vehicle valuation tool, and special vehicle-related discounts; and reinsurance services. In addition, the company offers marketplace services comprising live auctions, online sale platforms, and brokered private sales services where automotive collectors and enthusiasts can buy, sell, and finance collector cars. The company was founded in 1984 and is headquartered in Traverse City, Michigan. Hagerty, Inc. is a subsidiary of Hagerty Holding Corp.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$13.29
Mean price target
2. Current target
$10.67
Latest analyst target
3. DCF / Fair value
$35.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$10.67
Low
$11.00
High
$15.00
Mean
$13.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-09 main Wells Fargo Equal-Weight → Equal-Weight $11
2026-01-07 main JP Morgan Neutral → Neutral $13
2025-11-12 main Keefe, Bruyette & Woods Outperform → Outperform $15
2025-10-09 main JP Morgan Neutral → Neutral $12
2025-10-03 init Wells Fargo — → Equal-Weight $13
2025-10-01 init JMP Securities — → Market Outperform $15
2025-09-22 init BMO Capital — → Market Perform $13
2025-09-17 init Oppenheimer — → Outperform $15
2025-08-27 init Evercore ISI Group — → Outperform $14
2025-04-08 main JP Morgan Neutral → Neutral $10
2024-12-26 down Raymond James Market Perform → Underperform —
2024-08-08 main Truist Securities Hold → Hold $11
2024-07-11 main JP Morgan Neutral → Neutral $11
2024-01-11 init JP Morgan — → Neutral $9
2023-06-16 init Truist Securities — → Hold $11
2022-10-20 init Raymond James — → Market Perform —
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-07 HARRIS LAURIE L Director — 5,531 $11.01 $60,896
2026-04-02 CHAFEY DIANA M Officer — 24,907 $0.00 $11,801
2026-04-02 MCCLYMONT PATRICK S Chief Financial Officer — 54,975 $0.00 $9,745
2026-04-01 KAY SABRINA Director — 11,871 $0.00 $0
2026-04-01 CHAMPAGNE COLLETTE Officer — 23,742 $0.00 $0
2026-04-01 SALMI MIKA Director — 11,871 $0.00 $0
2026-04-01 AHN KENNETH Officer — 23,149 $0.00 $0
2026-04-01 HARBERT RANDALL HOUSTON Director — 11,871 $0.00 $0
2026-04-01 KUCZINSKI ANTHONY J Director — 11,871 $0.00 $0
2026-04-01 PAGE RUSSELL ANDREW Chief Technology Officer — 30,865 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,456.39
+18.12%
1,232.97
+18.71%
1,038.66
+25.22%
829.49
Operating Revenue
1,456.39
+18.12%
1,232.97
+18.71%
1,038.66
+25.22%
829.49
Selling General And Administration
616.31
+24.63%
494.49
+7.80%
458.71
+6.83%
429.39
Selling And Marketing Expense
258.20
+35.52%
190.52
+21.83%
156.38
+11.08%
140.78
General And Administrative Expense
358.10
+17.81%
303.97
+0.54%
302.33
+4.75%
288.61
Salaries And Wages
263.59
+19.02%
221.46
+2.11%
216.90
+8.70%
199.54
Other Gand A
94.52
+14.56%
82.50
-3.43%
85.43
-4.08%
89.07
Total Expenses
1,317.21
+15.62%
1,139.28
+14.63%
993.89
+21.44%
818.39
Reconciled Depreciation
37.52
-3.55%
38.91
-15.07%
45.81
+35.18%
33.89
EBIT
147.88
+51.29%
97.75
+100.07%
48.85
—
Total Unusual Items
0.00
-100.00%
0.09
+100.68%
-12.82
+30.01%
-18.32
Total Unusual Items Excluding Goodwill
0.00
-100.00%
0.09
+100.68%
-12.82
+30.01%
-18.32
Special Income Charges
0.00
-100.00%
0.09
+100.68%
-12.82
+30.01%
-18.32
Other Special Charges
—
-0.09
-102.17%
4.01
—
Restructuring And Mergern Acquisition
0.00
0.00
-100.00%
8.41
-54.09%
18.32
Write Off
—
—
0.40
—
Net Income
49.02
+188.05%
17.02
-15.89%
20.23
-36.93%
32.08
Pretax Income
139.18
+48.57%
93.68
+109.24%
44.77
+303.50%
11.10
Net Non Operating Interest Income Expense
-40.90
-622.03%
-5.66
-38.72%
-4.08
-301.33%
2.03
Interest Expense Non Operating
8.70
+113.98%
4.06
-0.47%
4.08
—
Net Interest Income
-40.90
-622.03%
-5.66
-38.72%
-4.08
-301.33%
2.03
Interest Expense
8.70
+113.98%
4.06
-0.47%
4.08
—
Interest Income
39.21
-0.92%
39.57
+47.09%
26.90
—
Other Income Expense
201.57
+51.02%
133.47
+29.79%
102.83
+33.05%
77.29
Tax Provision
-10.04
-165.30%
15.38
-7.32%
16.59
+136.47%
7.02
Tax Rate For Calcs
0.00
+27.92%
0.00
-55.71%
0.00
+76.48%
0.00
Tax Effect Of Unusual Items
0.00
-100.00%
0.01
+100.30%
-4.75
-23.52%
-3.85
Net Income Including Noncontrolling Interests
149.22
+90.57%
78.30
+177.88%
28.18
+1072.66%
2.40
Net Income From Continuing Operation Net Minority Interest
49.02
+188.05%
17.02
-15.89%
20.23
-36.93%
32.08
Net Income From Continuing And Discontinued Operation
49.02
+188.05%
17.02
-15.89%
20.23
-36.93%
32.08
Net Income Continuous Operations
149.22
+90.57%
78.30
+177.88%
28.18
+1072.66%
2.40
Minority Interests
-100.21
-63.51%
-61.29
-671.09%
-7.95
-126.78%
29.68
Normalized Income
49.02
+189.29%
16.94
-40.13%
28.30
-39.20%
46.55
Net Income Common Stockholders
38.68
+334.64%
8.90
-43.96%
15.88
-50.49%
32.08
Otherunder Preferred Stock Dividend
10.34
+27.33%
8.12
+86.60%
4.35
—
Diluted EPS
—
0.10
+11.11%
0.09
+228.57%
-0.07
Basic EPS
—
0.10
-47.37%
0.19
-51.28%
0.39
Basic Average Shares
—
87.53
+3.98%
84.18
+1.76%
82.73
Diluted Average Shares
—
88.50
-73.99%
340.32
+1.24%
336.15
Diluted NI Availto Com Stockholders
127.48
+1325.31%
8.94
-71.85%
31.77
+232.61%
-23.96
Average Dilution Earnings
88.80
+201711.36%
0.04
-99.72%
15.89
+128.35%
-56.03
Depreciation And Amortization In Income Statement
37.52
-3.55%
38.91
-15.07%
45.81
+35.18%
33.89
Earnings From Equity Interest Net Of Tax
—
0.00
0.00
+100.00%
-1.68
Loss Adjustment Expense
285.39
-4.42%
298.59
+35.32%
220.66
+20.97%
182.40
Net Policyholder Benefits And Claims
285.39
-4.42%
298.59
+35.32%
220.66
+20.97%
182.40
Policyholder Benefits Ceded
22.51
+52.28%
14.78
+560.89%
2.24
-58.20%
5.35
Policyholder Benefits Gross
307.91
-1.75%
313.38
+40.59%
222.90
+18.72%
187.75
Preferred Stock Dividends
—
—
0.67
—
Total Other Finance Cost
32.20
+1912.50%
1.60
—
—
Line Item Trend 2023-12-31
Total Assets
1,588.21
Cash Cash Equivalents And Short Term Investments
119.27
Cash And Cash Equivalents
108.33
Other Short Term Investments
10.95
Receivables
341.08
Accounts Receivable
209.06
Other Receivables
79.11
Prepaid Assets
—
Net PPE
71.28
Goodwill And Other Intangible Assets
206.14
Goodwill
114.21
Other Intangible Assets
91.92
Investments And Advances
10.95
Total Liabilities Net Minority Interest
1,177.70
Payables And Accrued Expenses
271.03
Payables
271.03
Accounts Payable
100.29
Other Payable
170.74
Current Accrued Expenses
—
Current Debt And Capital Lease Obligation
99.39
Current Debt
99.39
Current Capital Lease Obligation
—
Current Deferred Liabilities
30.32
Current Deferred Revenue
30.32
Long Term Debt And Capital Lease Obligation
81.75
Long Term Debt
31.29
Long Term Capital Lease Obligation
50.46
Non Current Deferred Liabilities
33.27
Non Current Deferred Revenue
17.34
Non Current Deferred Taxes Liabilities
15.94
Preferred Securities Outside Stock Equity
82.84
Stockholders Equity
92.70
Common Stock Equity
92.70
Capital Stock
0.03
Common Stock
0.03
Preferred Stock
—
Share Issued
84.59
Ordinary Shares Number
84.59
Treasury Shares Number
0.00
Additional Paid In Capital
561.75
Retained Earnings
-469.00
Gains Losses Not Affecting Retained Earnings
-0.09
Minority Interest
317.81
Other Equity Adjustments
-0.09
Total Equity Gross Minority Interest
410.51
Total Capitalization
124.00
Invested Capital
223.38
Total Debt
181.14
Net Debt
22.35
Capital Lease Obligations
50.46
Net Tangible Assets
-113.43
Tangible Book Value
-113.43
Current Deferred Taxes Liabilities
—
Current Notes Payable
-3.65
Derivative Product Liabilities
34.02
Line Of Credit
103.04
Notes Receivable
52.91
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
218.99
+23.70%
177.02
+32.40%
133.71
+141.66%
55.33
Cash Flow From Continuing Operating Activities
218.99
+23.70%
177.02
+32.40%
133.71
+141.66%
55.33
Net Income From Continuing Operations
149.22
+90.57%
78.30
+177.88%
28.18
+1072.66%
2.40
Depreciation And Amortization
37.52
-3.55%
38.91
-15.07%
45.81
+35.18%
33.89
Other Non Cash Items
42.44
+217.85%
13.35
-5.71%
14.16
+9.89%
12.89
Stock Based Compensation
18.91
+8.94%
17.36
-3.66%
18.02
+48.54%
12.13
Asset Impairment Charge
—
0.00
-100.00%
1.15
-75.59%
4.70
Deferred Tax
-34.50
-1277.98%
2.93
+0.27%
2.92
-1.75%
2.97
Deferred Income Tax
-34.50
-1277.98%
2.93
+0.27%
2.92
-1.75%
2.97
Operating Gains Losses
-1.15
+33.14%
-1.72
-190.97%
1.89
+106.23%
-30.42
Gain Loss On Investment Securities
-3.06
-37.83%
-2.22
—
—
Gain Loss On Sale Of PPE
1.91
+282.40%
0.50
-73.60%
1.89
-56.12%
4.32
Change In Working Capital
10.69
-53.01%
22.74
-33.57%
34.23
-41.45%
58.47
Change In Receivables
-62.59
-336.23%
26.50
+137.92%
-69.88
-34.29%
-52.04
Changes In Account Receivables
-62.59
-336.23%
26.50
+137.92%
-69.88
-34.29%
-52.04
Change In Prepaid Assets
-3.43
+57.39%
-8.05
+22.50%
-10.38
+13.63%
-12.02
Change In Payables And Accrued Expense
5.74
+14.06%
5.04
-86.80%
38.15
+1.71%
37.51
Change In Accrued Expense
—
—
—
1.24
Change In Payable
5.74
+14.06%
5.04
-86.80%
38.15
+1.71%
37.51
Change In Account Payable
—
—
11.51
-45.86%
21.26
Change In Other Working Capital
28.04
+148.82%
-57.44
-505.69%
-9.48
+21.05%
-12.01
Change In Other Current Liabilities
—
—
-11.24
-14.97%
-9.78
Investing Cash Flow
-185.20
+70.06%
-618.56
-1074.93%
-52.65
+42.48%
-91.52
Cash Flow From Continuing Investing Activities
-185.20
+70.06%
-618.56
-1074.93%
-52.65
+42.48%
-91.52
Net PPE Purchase And Sale
—
—
—
-44.38
Purchase Of PPE
—
—
—
-44.38
Capital Expenditure
-24.54
-14.95%
-21.34
+19.16%
-26.40
+40.50%
-44.38
Capital Expenditure Reported
-24.54
-14.95%
-21.34
+19.16%
-26.40
+40.50%
-44.38
Net Investment Purchase And Sale
-125.04
+77.95%
-567.10
-18193.45%
-3.10
-2.72%
-3.02
Purchase Of Investment
-354.94
+47.83%
-680.31
-6337.48%
-10.57
-149.60%
-4.23
Sale Of Investment
229.90
+103.06%
113.22
+1416.01%
7.47
+514.14%
1.22
Net Business Purchase And Sale
-1.62
+93.55%
-25.12
-189.30%
-8.68
+71.67%
-30.65
Purchase Of Business
-1.62
+93.55%
-25.12
-189.30%
-8.68
+71.67%
-30.65
Net Other Investing Changes
-34.00
-579.63%
-5.00
+65.40%
-14.46
-123.37%
-6.47
Financing Cash Flow
29.93
+163.78%
-46.92
-145.48%
103.16
+467.33%
-28.08
Cash Flow From Continuing Financing Activities
29.93
+163.78%
-46.92
-145.48%
103.16
+467.33%
-28.08
Net Issuance Payments Of Debt
69.31
+340.63%
-28.80
-232.75%
21.70
+177.12%
-28.13
Issuance Of Debt
257.19
+315.01%
61.97
-61.64%
161.55
+71.19%
94.37
Repayment Of Debt
-187.88
-106.97%
-90.78
+35.09%
-139.85
-14.16%
-122.50
Long Term Debt Issuance
257.19
+315.01%
61.97
-61.64%
161.55
+71.19%
94.37
Long Term Debt Payments
-187.88
-106.97%
-90.78
+35.09%
-139.85
-14.16%
-122.50
Net Long Term Debt Issuance
69.31
+340.63%
-28.80
-232.75%
21.70
+177.12%
-28.13
Net Common Stock Issuance
0.00
0.00
-100.00%
79.16
0.00
Common Stock Dividend Paid
—
—
0.00
0.00
Cash Dividends Paid
—
—
0.00
0.00
Repurchase Of Capital Stock
-5.60
+0.00%
-5.60
0.00
0.00
Proceeds From Stock Option Exercised
—
—
1.53
0.00
Net Other Financing Charges
-33.78
-169.85%
-12.52
-643.12%
2.31
+4604.08%
0.05
Changes In Cash
63.72
+113.04%
-488.46
-365.15%
184.22
+386.60%
-64.28
Effect Of Exchange Rate Changes
2.44
+182.12%
-2.97
-443.24%
0.86
+271.63%
-0.50
Beginning Cash Position
232.84
-67.85%
724.28
+34.33%
539.19
-10.73%
603.97
End Cash Position
299.00
+28.41%
232.84
-67.85%
724.28
+34.33%
539.19
Free Cash Flow
194.45
+24.90%
155.68
+45.08%
107.30
+879.67%
10.95
Interest Paid Supplemental Data
10.16
+17.96%
8.61
+40.60%
6.13
+25.84%
4.87
Income Tax Paid Supplemental Data
16.41
-8.15%
17.87
+70.15%
10.50
+99.89%
5.25
Common Stock Issuance
0.00
0.00
-100.00%
79.16
0.00
Earnings Losses From Equity Investments
—
0.00
0.00
+100.00%
-34.73
Issuance Of Capital Stock
0.00
0.00
-100.00%
79.16
0.00
Net Preferred Stock Issuance
-5.60
+0.00%
-5.60
0.00
0.00
Preferred Stock Issuance
—
0.00
-100.00%
79.16
0.00
Preferred Stock Payments
-5.60
+0.00%
-5.60
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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