HGTY - Hagerty, Inc. Stock Price, Fair Value and News

8.68USD+0.11 (+1.28%)Delayed

Market Summary

USD8.68+0.11

Delayed

1.28%

HGTY Alerts

Big jump in Earnings (Y/Y)

HGTY Stock Price

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HGTY RSI Chart

HGTY Valuation

Market Cap

3.0B

Price/Earnings (Trailing)

65.85

Price/Sales (Trailing)

2.8

EV/EBITDA

19.6

Price/Free Cashflow

16.38

HGTY Price/Sales (Trailing)

HGTY Profitability

EBT Margin

6.59%

Return on Equity

10.65%

Return on Assets

2.86%

Free Cashflow Yield

6.1%

HGTY Fundamentals

HGTY Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

24.44%

Rev. Growth (Qtr)

10.88%

HGTY Earnings

Earnings (TTM)

44.8M

Earnings Growth (Yr)

154.57%

Earnings Growth (Qtr)

-47.47%

Breaking Down HGTY Revenue

Last 7 days

-1.8%

Last 30 days

0.7%

Last 90 days

3.7%

Trailing 12 Months

-2.5%

How does HGTY drawdown profile look like?

HGTY Financial Health

Current Ratio

1.47

Debt/Equity

0.22

Debt/Cashflow

1.97

HGTY Investor Care

Shares Dilution (1Y)

0.35%

Diluted EPS (TTM)

0.09

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.1B	0	0	0
2023	838.1M	893.4M	952.2M	1.0B
2022	657.7M	696.3M	745.0M	787.6M
2021	521.9M	553.8M	586.1M	619.1M
2020	422.8M	448.4M	474.0M	499.5M
2019	0	0	0	397.3M
2018	0	0	0	301.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Hagerty, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 10, 2024	kauffman robert i	sold	-46,872	9.04	-5,185	-
May 09, 2024	kauffman robert i	sold	-26,885	9.29	-2,894	-
May 08, 2024	kauffman robert i	sold	-28,702	9.25	-3,103	-
May 07, 2024	kauffman robert i	sold	-40,046	9.24	-4,334	-
May 06, 2024	kauffman robert i	sold	-29,750	9.04	-3,291	-
Apr 25, 2024	kauffman robert i	sold	-4,140	9.00	-460	-
Apr 24, 2024	kauffman robert i	sold	-14,497	9.01	-1,609	-
Apr 23, 2024	kauffman robert i	sold	-27,536	9.07	-3,036	-
Apr 15, 2024	kauffman robert i	sold	-31,254	9.02	-3,465	-
Apr 09, 2024	kauffman robert i	sold	-16,173	9.01	-1,795	-

Which funds bought or sold HGTY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	added	6.2	18,560	94,080	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	1.68	33,694	208,492	-%
May 15, 2024	ARISTEIA CAPITAL, L.L.C.	unchanged	-	240,757	2,035,960	0.04%
May 15, 2024	DEUTSCHE BANK AG\	added	30.35	19,445	56,199	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	added	143	452,271	696,489	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-23.43	-117,951	1,040,630	-%
May 15, 2024	MARSHALL WACE, LLP	reduced	-25.96	-55,465	366,320	-%
May 15, 2024	Royal Bank of Canada	added	2,126	257,000	267,000	-%
May 15, 2024	Ionic Capital Management LLC	reduced	-44.27	-267,057	461,932	0.15%
May 15, 2024	TWO SIGMA SECURITIES, LLC	new	-	100,046	100,046	-%

Are Funds Buying or Selling HGTY?

Are funds buying HGTY calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HGTY

No. of Funds

HGTY Alerts

Big jump in Earnings (Y/Y)

Unveiling Hagerty, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jun 27, 2023	markel group inc.	49.6%	80,130,668	SC 13D/A
Jun 23, 2023	state farm mutual automobile insurance co	64.8%	63,241,780	SC 13D/A
Mar 01, 2023	state farm mutual automobile insurance co	63.9%	5.9e+07	SC 13D/A
Feb 10, 2023	state farm mutual automobile insurance co	63.9%	5.9e+07	SC 13D/A
Feb 09, 2023	wasatch advisors inc	-	0	SC 13G/A
Jan 31, 2023	state farm mutual automobile insurance co	60.09%	5e+07	SC 13G/A
Dec 12, 2022	wasatch advisors inc	-	0	SC 13G/A
Jun 06, 2022	wasatch advisors inc	-	0	SC 13G
Feb 11, 2022	basso capital management, l.p.	0.0%	0	SC 13G/A
Feb 10, 2022	walton s robson	3.23%	2,680,000	SC 13G

Recent SEC filings of Hagerty, Inc.

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 14, 2024	144	Notice of Insider Sale Intent
May 13, 2024	144	Notice of Insider Sale Intent
May 10, 2024	144	Notice of Insider Sale Intent
May 10, 2024	4	Insider Trading
May 09, 2024	144	Notice of Insider Sale Intent
May 08, 2024	144	Notice of Insider Sale Intent
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
May 07, 2024	4	Insider Trading

Peers (Alternatives to Hagerty, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.1T	1.3B	1.56%	3220.84%	-5.4K	851.43	-10.27%	-34.69%
AJG	56.3B	10.6B	11.80%	20.14%	51.57	5.3	20.42%	-6.05%
AIG	53.5B	48.4B	11.01%	48.35%	11.07	1.1	-4.15%	-20.63%
TRV	50.3B	42.9B	6.36%	19.84%	16.03	1.17	13.52%	12.15%
AFL	50.2B	19.3B	10.10%	32.07%	9.39	2.6	3.03%	17.35%
ACGL	37.9B	14.4B	11.43%	34.12%	7.82	2.63	32.92%	143.01%
AFG	11.2B	8.0B	7.21%	13.44%	12.7	1.4	11.14%	7.56%
MID-CAP
UNM	10.1B	12.6B	5.84%	14.37%	7.61	0.8	4.24%	-13.40%
AIZ	9.1B	11.4B	3.23%	33.23%	11.93	0.8	9.81%	217.29%
LNC	5.1B	11.9B	12.70%	41.34%	3.81	0.43	-33.27%	234.43%
AEL	3.9B	3.2B	-0.20%	45.14%	5.55	1.23	64.05%	-35.60%
SMALL-CAP
BRP	2.0B	1.3B	23.61%	49.66%	-37.13	1.59	18.74%	30.90%
AMSF	887.3M	308.9M	-4.69%	-15.41%	14.38	2.87	3.79%	10.94%
AMBC	818.6M	314.0M	28.73%	23.89%	14.24	2.61	-29.20%	-88.19%
AAME	35.5M	187.5M	-11.22%	-20.55%	-49.09	0.19	2.74%	73.83%

Hagerty, Inc. News

Latest updates

Hagerty, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																			(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Revenue	10.9%	271,708	245,043	275,574	261,244	218,352	197,003	216,757	206,017	167,811	154,384	168,085	167,409	129,200	121,446	135,781	135,462	106,859	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	131,521	-	-	-	-	-
S&GA Expenses	25.6%	39,660	31,587	47,737	41,941	35,113	30,792	44,097	37,455	28,437	26,673	32,098	28,360	20,352	19,697	-	-	-	-	-
EBITDA Margin	16.0%	0.11*	0.10*	0.06*	0.06*	0.03*	0.06*	0.01*	-0.02*	-0.01*	-0.05*	0.03*	0.05*	0.05*	0.06*	0.05*	0.05*	0.05*	0.06*	0.06*
Interest Expenses	-	1,240	-	-	-	2,279	1,903	928	1,271	766	866	610	456	570	594	-	-	-	-	-
Income Taxes	11.7%	5,129	4,591	4,604	3,730	3,668	2,940	-91.00	2,138	2,030	1,961	1,888	1,584	1,318	1,074	-	-	-	-	-
Earnings Before Taxes	-2.2%	13,328	13,633	23,227	19,269	-11,357	-29,293	25,757	-3,366	17,998	-64,498	1,341	14,087	-5,533	-10,538	-	-	-	-	-
EBT Margin	47.3%	0.07*	0.04*	0.00*	0.00*	-0.02*	0.01*	-0.03*	-0.07*	-0.05*	-0.09*	0.00*	0.03*	0.03*	0.03*	0.02*	0.03*	0.03*	0.03*	0.03*
Net Income	-47.5%	8,199	15,609	18,623	2,405	-15,025	-38,057	24,313	-5,536	27,507	-66,500	-479	12,503	-6,851	-11,613	10,979	16,178	-5,505	-	-
Net Income Margin	97.0%	0.04*	0.02*	-0.03*	-0.03*	-0.04*	0.01*	-0.03*	-0.06*	-0.04*	-0.10*	-0.01*	0.01*	0.02*	0.02*	0.01*	0.01*	0.01*	0.01*	0.03*
Free Cashflow	3821.8%	58,238	1,485	61,664	58,829	11,728	-38,235	33,638	50,911	9,014	-43,078	17,285	47,077	20,997	5,416	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet															(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Assets	-1.1%	1,570	1,588	1,584	1,553	1,302	1,313	1,345	1,135	1,023	1,042	832	119	365	611	443
Current Assets	-0.4%	1,245	1,250	1,249	1,180	926	937	1,054	941	850	895	695	2.00	0.00	513	388
Cash Equivalents	570.9%	727	108	91.00	114	63.00	95.00	180	180	238	604	48.00	49.00	41.00	299	221
Net PPE	-4.5%	20.00	21.00	22.00	23.00	25.00	25.00	28.00	28.00	28.00	28.00	-	-	-	26.00	-
Goodwill	0.0%	114	114	114	115	115	115	115	17.00	12.00	11.00	11.00	-	-	5.00	4.00
Liabilities	-2.8%	1,065	1,095	1,105	1,095	945	945	955	845	733	771	713	640	567	493	333
Current Liabilities	0.8%	849	842	891	849	695	667	721	647	514	496	560	0.00	0.00	385	295
Long Term Debt	-30.0%	91.00	131	76.00	81.00	89.00	108	136	87.00	118	136	118	-	-	69.00	26.00
LT Debt, Non Current	-100.0%	-	131	76.00	81.00	89.00	108	136	87.00	118	136	118	-	-	69.00	26.00
Shareholder's Equity	353.9%	421	93.00	74.00	379	357	59.00	390	290	290	-322	-	5.00	0.00	117	-
Retained Earnings	-0.3%	-470	-468	-483	-489	-491	-489	-445	-460	-454	-482	-13.88	-4.92	0.00	57.00	-
Additional Paid-In Capital	0.4%	564	562	558	557	554	549	546	533	529	160	-	-6.61	0.00	-	-
Shares Outstanding	0.0%	340	340	340	340	339	339	339	333	333	333	-	-	0.00	0.00	0.00
Minority Interest	3.0%	327	318	323	311	295	308	291	217	216	1.00	-	-	-	-	-
Float	-	-	-	-	232	-	-	-	262	-	-	-	102	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																			(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Cashflow From Operations	3821.8%	58,238	1,485	61,664	58,829	11,728	-38,235	33,638	50,911	9,014	-43,078	17,285	47,077	20,997	5,416	-	-	-	-	-
Share Based Compensation	-6.5%	4,543	4,860	4,935	4,109	4,113	3,964	3,858	4,307	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	-0.6%	-18,287	-18,185	-3,161	-6,498	-24,803	-11,842	-26,518	-21,364	-31,797	-15,233	-18,592	-13,996	-21,173	-16,829	-	-	-	-	-
Cashflow From Financing	-167.9%	-37,233	54,822	-4,666	71,884	-18,879	-28,584	49,000	-29,500	-19,000	287,127	31,600	21,844	-8,500	21,698	-	-	-	-	-

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HGTY Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
REVENUE:
Commission, fee, membership, marketplace and other revenue	$ 120,089	$ 101,121
Earned premium	151,619	117,231
Total revenue	271,708	218,352
OPERATING EXPENSES:
Salaries and benefits	56,116	55,232
Ceding commissions, net	70,930	55,425
Losses and loss adjustment expenses	62,356	48,412
Sales expense	39,660	35,113
General and administrative services	19,862	21,381
Depreciation and amortization	10,560	13,743
Restructuring, impairment and related charges, net	0	5,535
Total operating expenses	259,484	234,841
OPERATING INCOME (LOSS)	12,224	(16,489)
Change in fair value of warrant liabilities	(6,140)	(515)
Interest and other income (expense)	7,244	5,647
INCOME (LOSS) BEFORE INCOME TAX EXPENSE	13,328	(11,357)
Income tax expense	(5,129)	(3,668)
NET INCOME (LOSS)	8,199	(15,025)
Net (income) loss attributable to non-controlling interest	(9,550)	12,926
Accretion of Series A Convertible Preferred Stock	(1,838)	0
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS	(3,189)	(2,099)
Class A Common Stock
OPERATING EXPENSES:
NET INCOME (LOSS)	8,199	(15,025)
Net (income) loss attributable to non-controlling interest	(9,550)	12,926
Accretion of Series A Convertible Preferred Stock	$ (1,838)	$ 0
Earnings (loss) per share of Class A Common Stock:
Basic (in dollars per share)	$ (0.04)	$ (0.03)
Diluted (in dollars per share)	$ (0.04)	$ (0.03)
Weighted average shares of Class A Common Stock outstanding:
Basic (in shares)	84,656	83,227
Diluted (in shares)	84,656	83,227
Commission and fee revenue
REVENUE:
Commission, fee, membership, marketplace and other revenue	$ 88,840	$ 74,612
Membership, marketplace and other revenue
REVENUE:
Commission, fee, membership, marketplace and other revenue	$ 31,249	$ 26,509

HGTY Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 131,207	$ 108,326
Restricted cash and cash equivalents	595,601	615,950
Accounts receivable	71,883	71,530
Premiums receivable	157,105	137,525
Commissions receivable	14,877	79,115
Notes receivable	56,509	35,896
Deferred acquisition costs, net	136,925	141,637
Other current assets	80,865	60,239
Total current assets	1,244,972	1,250,218
Notes receivable	4,438	17,018
Property and equipment, net	19,820	20,764
Lease right-of-use assets	49,412	50,515
Intangible assets, net	88,335	91,924
Goodwill	114,195	114,214
Other long-term assets	49,076	43,559
TOTAL ASSETS	1,570,248	1,588,212
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	94,896	87,175
Losses payable and provision for unpaid losses and loss adjustment expenses	204,075	198,508
Commissions payable	71,070	108,739
Due to insurers	97,367	79,815
Advanced premiums	37,749	20,471
Unearned premiums	312,702	317,275
Contract liabilities	31,330	30,316
Total current liabilities	849,189	842,299
Long-term lease liabilities	49,198	50,459
Long-term debt, net	91,470	130,680
Warrant liabilities	40,158	34,018
Deferred tax liability	15,298	15,937
Contract liabilities	16,835	17,335
Other long-term liabilities	2,607	4,139
TOTAL LIABILITIES	1,064,755	1,094,867
Commitments and Contingencies (Note 19)	0	0
TEMPORARY EQUITY
Preferred stock, $0.0001 par value (20,000,000 shares authorized, 8,483,561 Series A Convertible Preferred Stock issued and outstanding as of March 31, 2024 and December 31, 2023)	84,674	82,836
STOCKHOLDERS' EQUITY
Additional paid-in capital	564,082	561,754
Accumulated earnings deficit	(470,346)	(468,995)
Accumulated other comprehensive income (loss)	(236)	(88)
Total stockholders' equity	93,533	92,704
Non-controlling interest	327,286	317,805
Total equity (Note 14)	420,819	410,509
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY	1,570,248	1,588,212
Class A Common Stock
STOCKHOLDERS' EQUITY
Common stock	8	8
Class V Common Stock
STOCKHOLDERS' EQUITY
Common stock	$ 25	$ 25

About Hagerty, Inc.

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.

CEO	Mr. McKeel O. Hagerty
WEBSITE	hagerty.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	1874

Hagerty, Inc. Frequently Asked Questions

What is the ticker symbol for Hagerty, Inc.? What does HGTY stand for in stocks?

HGTY is the stock ticker symbol of Hagerty, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Hagerty, Inc. (HGTY)?

As of Fri May 17 2024, market cap of Hagerty, Inc. is 2.95 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HGTY stock?

You can check HGTY's fair value in chart for subscribers.

What is the fair value of HGTY stock?

You can check HGTY's fair value in chart for subscribers. The fair value of Hagerty, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Hagerty, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HGTY so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Hagerty, Inc. a good stock to buy?

The fair value guage provides a quick view whether HGTY is over valued or under valued. Whether Hagerty, Inc. is cheap or expensive depends on the assumptions which impact Hagerty, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HGTY.

What is Hagerty, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, HGTY's PE ratio (Price to Earnings) is 65.85 and Price to Sales (PS) ratio is 2.8. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HGTY PE ratio will change depending on the future growth rate expectations of investors.