Hagerty, Inc. provides insurance agency services worldwide. It offers collector vehicles, motorsports, boats, and business insurance products; and car financing for antique, classic, and collectible vehicles. The company is based in Traverse City, Michigan.
IPO Year: 2021
Exchange: NYSE
Website: https://www.hagerty.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/26/2024 | Mkt Perform → Underperform | Raymond James | |
1/11/2024 | $9.00 | Neutral | JP Morgan |
6/16/2023 | $11.00 | Hold | Truist |
10/20/2022 | Mkt Perform | Raymond James |
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144 - Hagerty, Inc. (0001840776) (Subject)
144 - Hagerty, Inc. (0001840776) (Subject)
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - Hagerty, Inc. (0001840776) (Issuer)
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4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
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Raymond James downgraded Hagerty from Mkt Perform to Underperform
JP Morgan initiated coverage of Hagerty with a rating of Neutral and set a new price target of $9.00
Truist initiated coverage of Hagerty with a rating of Hold and set a new price target of $11.00
Raymond James initiated coverage of Hagerty with a rating of Mkt Perform
Live Leadership Updates
TRAVERSE CITY, Mich., July 10, 2025 /PRNewswire/ -- Hagerty, Inc., (NYSE:HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Marc Burns as its new Senior Vice President of Brand and Marketing, effective July 14. In this newly created role, Burns' focus will lead the integration and elevation of Hagerty's brand experience across all member touchpoints. He will be responsible for unifying brand and member engagement strategies, enhancing brand reputation, and delivering efficient, high-impact marketing initiatives as the company work
The Amelia's 30th Annual Celebration Saw a Weekend of Fine Dining, Driving Experiences, Live Auctions, and the Amelia Concours D'Elegance—Showcasing Hundreds of Exquisite Vehicles from Around the World AMELIA ISLAND, Fla., March 12, 2025 /PRNewswire/ -- Among a distinguished field of more than 240 historically significant automobiles, spanning 35 classes, a 1938 Alfa Romeo 8C 2900 claimed the prestigious title of Best of Show, Concours d'Elegance, while a 1967 Lotus 49 was honored as Best of Show, Concours de Sport at the 30th Amelia Concours d'Elegance. Event press releases, concours results, photos and the event program can be found here.
London, United Kingdom, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Broad Arrow, a Hagerty (NYSE:HGTY) company, is delighted to announce the expansion of its European and UK-based teams with the addition of renowned car specialists along with seasoned industry veterans focused on operations, client development, and marketing. Growing the company's specialist footprint throughout Continental Europe are Philip Kantor (based in Belgium), Gregory Tuytens (Belgium), Paul Gaucher (France), Daniele Turrisi (Italy), and Jean-Louis Baldanza (France), each well-regarded and highly experienced in the collector car industry. Furthermore, Valérie Simonet (France), Ryan Cigana (UK), and Simon Drake (UK) will join
TRAVERSE CITY, Mich., May 31, 2024 /PRNewswire/ -- Hagerty (NYSE:HGTY) announced today that Jeff Briglia has been named Hagerty's new President of Insurance, effective July 1, 2024, to lead all aspects of the company's insurance operations. "I am pleased to welcome Jeff to the Hagerty team as we continue to position the company for sustained profit growth," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty. "Jeff has a proven track record of strategic change management across a variety of business areas, including product, claims, distribution, marketing, sa
TRAVERSE CITY, Mich., Jan. 18, 2024 /PRNewswire/ -- Hagerty, Inc., (NYSE:HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Arjun H. Chowdri as its new Senior Vice President of Membership and Retention. Arjun will lead the company's global membership programs, including the Hagerty Driver's Club, the world's largest paid car club with more than 800,000 members. Additionally, Arjun will lead Hagerty's Garage and Social business, a portfolio of five premium car storage and clubhouse locations across the US and Canada. Prior to joining Hagerty, Arjun was Chief Administrative and Innovation Officer for the PGA of America.
TRAVERSE CITY, Mich., Dec. 4, 2023 /PRNewswire/ -- Hagerty, Inc., (NYSE:HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Gary Chard as its new Senior Vice President of Marketplace Operations. Chard will join the senior leadership team of Marketplace, Hagerty's growing business to support members and enthusiasts who are buying and selling collector cars. He will oversee all aspects of Marketplace operations, including live and digital auctions, private sales, financing and classifieds. "Gary is an industry pro who will help us tak
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Live finance-specific insights
The Company increased its full year 2025 outlook for Total Revenue growth to 13-14%, Net Income growth of 43-53%, and Adjusted EBITDA growth of 30-38%Second quarter 2025 Total Revenue increased 18% year-over-year to $368.7 million, and year-to-date 2025 Total Revenue increased 18% to $688.3 millionSecond quarter 2025 Written Premium increased 11% year-over-year to $356.0 million, and year-to-date 2025 Written Premium increased 11% to $600.3 millionSecond quarter 2025 Marketplace revenue increased 327% year-over-year to $26.8 million, and year-to-date 2025 Marketplace revenue increased 232% to $55.8 millionSecond quarter 2025 Operating Income increased 25% year-over-year to $47.7 million, and
TRAVERSE CITY, Mich., July 21, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its second quarter 2025 financial results before the market opens on Monday, August 4, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or
First quarter 2025 Total Revenue increased 18% year-over-year to $319.6 millionFirst quarter 2025 Written Premium increased 12% year-over-year to $244.3 millionFirst quarter 2025 Marketplace revenue increased 176% year-over-year to $29.0 millionFirst quarter 2025 Operating Income increased 110% year-over-year to $25.7 millionFirst quarter 2025 Operating Income margin increased by 360 bps compared to the prior year periodFirst quarter 2025 Net Income increased 233% year-over-year to $27.3 millionFirst quarter 2025 Adjusted EBITDA increased 45% year-over-year to $39.6 millionReaffirmed 2025 Outlook for 12-13% Total Revenue growth, 30-40% Net Income growth and 21-29% Adjusted EBITDA growthTRAVE
TRAVERSE CITY, Mich., April 23, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its first quarter 2025 financial results before the market opens on Wednesday, May 7, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or
Full year 2024 Total Revenue increased 20% year-over-year to $1.200 billionFull year 2024 Written Premium increased 15% year-over-year to $1.044 billionAdded a record 279,000 new members in 2024Full year 2024 Marketplace revenue increased 90% year-over-year to $54.3 millionFull year 2024 Operating Income increased 538% year-over-year to $66.4 millionFull year 2024 Net Income increased 178% year-over-year to $78.3 millionFull year 2024 Adjusted EBITDA increased 41% year-over-year to $124.5 million2025 outlook for Total Revenue growth of 12-13% on Written Premium gains of 13-14%Margin expansion due to continued efficiency gains should result in Net Income growth of 30-40% and Adjusted EBITDA g
TRAVERSE CITY, Mich., Feb. 18, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its fourth quarter 2024 financial results before the market opens on Tuesday, March 4, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or
Third quarter 2024 Total Revenue increased 17% year-over-year to $323.4 million, and year-to-date 2024 Total Revenue increased 20% year-over-year to $908.3 millionThird quarter 2024 Written Premium increased 13% year-over-year to $287.6 million, and year-to-date 2024 Written Premium increased 16% year-over-year to $827.1 millionThird quarter 2024 Marketplace revenue increased 66% year-over-year to $21.6 million, and year-to-date 2024 Marketplace revenue increased 54% year-over-year to $38.3 millionThird quarter 2024 Loss Ratio of 60.0% (includes $24.7 million of pre-tax catastrophe losses related to Hurricane Helene) compared to 41.1% in the prior year period. Year-to-date 2024 Loss Ratio of
TRAVERSE CITY, Mich., Oct. 24, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free)
Increases 2024 Outlook for Revenue and Profit Growth Second quarter 2024 Total Revenue increased 20% year-over-year to $313.2 million, and year-to-date 2024 Total Revenue increased 22% year-over-year to $584.9 millionSecond quarter 2024 Written Premium increased 16% year-over-year to $321.2 million, and year-to-date 2024 Written Premium increased 18% year-over-year to $539.5 millionSecond quarter 2024 Operating Income margin expanded by 560 bps compared to the prior year period, and year-to-date 2024 Operating Income margin expanded by 840 bps compared to the prior year periodSecond quarter 2024 Net Income of $42.7 million, an increase of $27.1 million compared to the prior year period, and
TRAVERSE CITY, Mich., July 23, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its second quarter 2024 financial results before the market opens on Tuesday, August 6, 2024. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or
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LONDON, England, Aug. 12, 2025 (GLOBE NEWSWIRE) -- One of only 71 Jaguar D-Types producedRare example that has never been used in competitive motorsportMatching engine and chassis numbersMeticulously cared for by current Swiss owner for past three decadesHighly desirable Jaguar D-Type will be one of the highlights of Broad Arrow Zürich Auction in partnership with Auto Zürich on 1 NovemberD-Type estimated to bring CHF 5'250'000 - 6'250'000 Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, is proud to offer one of the most pristine examples of the iconic Jaguar D-Type at its inaugural Zürich Auction this November. One of only 71 produced, Chassis XKD 551 is a rare short-nose ver
TRAVERSE CITY, Mich., Aug. 7, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY) ("Hagerty"), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced the pricing of its secondary offering, upsized to 9,700,000 shares of Hagerty's Class A Common Stock, being offered by Hagerty Holding Corp. ("HHC") and Aldel LLC ("Aldel" and together with HHC, the "Selling Stockholders") at a price to the public of $9.34 per share. In connection with the offering, the Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,455,000 shares of Hagerty's Class A Common Stock. The offering is expected to close on or about August 11, 2025,
TRAVERSE CITY, Mich., Aug. 6, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY) ("Hagerty"), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced that Hagerty Holding Corp. ("HHC") and Aldel LLC ("Aldel" and together with HHC, the "Selling Stockholders") intend to offer 8,700,000 shares of Hagerty's Class A Common Stock in an underwritten secondary public offering. In connection with the offering, the Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 1,305,000 shares of Hagerty's Class A Common Stock.
The Company increased its full year 2025 outlook for Total Revenue growth to 13-14%, Net Income growth of 43-53%, and Adjusted EBITDA growth of 30-38%Second quarter 2025 Total Revenue increased 18% year-over-year to $368.7 million, and year-to-date 2025 Total Revenue increased 18% to $688.3 millionSecond quarter 2025 Written Premium increased 11% year-over-year to $356.0 million, and year-to-date 2025 Written Premium increased 11% to $600.3 millionSecond quarter 2025 Marketplace revenue increased 327% year-over-year to $26.8 million, and year-to-date 2025 Marketplace revenue increased 232% to $55.8 millionSecond quarter 2025 Operating Income increased 25% year-over-year to $47.7 million, and
TRAVERSE CITY, Mich., July 31, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and leading specialty vehicle insurance provider, has strengthened its insurance leadership team with the addition of two experienced executives. Adam Van Loon has been named Senior Vice President of Insurance Distribution, and Jesse McKendry will serve as Senior Vice President of Insurance Product. These strategic hires reflect Hagerty's continued investment in expanding its insurance capabilities to better serve its members and partners. Van Loon and McKendry both
TRAVERSE CITY, Mich., July 24, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced that the company has entered into a non-binding letter of intent with Markel. Upon effectiveness and subject to regulatory approval, this proposed arrangement will result in Hagerty assuming 100% of the underwriting and investment economics while paying an initial fronting fee of 2% to Markel, with the fronting fee decreasing based on the volume of policies issued in each calendar year, commencing January 1, 2026.
Grosse Pointe, Michigan, July 22, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, is proud to present an extremely rare Aston Martin DBZ Centenary Collection at its flagship Monterey Jet Center Auction on August 13-14, 2025. The partnership between Aston Martin and Zagato spans over 60 years and has resulted in some of the most iconic and collectible cars in motoring history. In 2019, the famous British marque again teamed up with the Milanese styling house to create the DBZ Centenary Collection, celebrating the relationship between the two brands and 100 years of Carrozzeria Zagato. What emerged from the hallowed Aston Martin Works division at Newport Pag
TRAVERSE CITY, Mich., July 21, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its second quarter 2025 financial results before the market opens on Monday, August 4, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or
Grosse Pointe, Michigan, July 16, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, is thrilled to bring an exciting group of RUF Manufaktur and Porsche-based performance cars to its 2025 Monterey Jet Center Auction. The group is led by the apex air-cooled production RUF of the nineties, a 1998 RUF CTR 2 Sport (Estimate: $3,000,000 - $3,500,000). For RUF, the original CTR Yellowbird's wild ambition was a tough act to follow, but with their CTR 2, they would surpass the predecessor in nearly every measurable way. Unveiled in 1995, the CTR 2 was the second generation of the cult-status manufacturer's ultra-high-performance line and the first road-legal RUF model
Grosse Pointe, Michigan, July 11, 2025 (GLOBE NEWSWIRE) -- GROSSE POINTE, Michigan (July 11, 2025) – Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, adds to its growing fall auction calendar with the announcement of The Las Vegas Auction—held in partnership with Concours at Wynn Las Vegas. Occurring on Friday, October 31, 2025, Broad Arrow's Las Vegas Auction will feature approximately 70 highly desirable collector cars and is expected to be a cornerstone event of the weekend. Returning for a fourth consecutive year, Concours at Wynn Las Vegas will feature an expanded showcase of more than 250 unique automobiles within four judged and non-judged pillars on the greens of Wynn Golf Club
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)