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

8.93USD-0.13 (-1.43%)Market Closed

Market Summary

USD8.93-0.13

Market Closed

-1.43%

HGTY Stock Price

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HGTY RSI Chart

HGTY Valuation

Market Cap

3.1B

Price/Earnings (Trailing)

142.57

Price/Sales (Trailing)

3.08

EV/EBITDA

32.09

Price/Free Cashflow

23.04

HGTY Price/Sales (Trailing)

HGTY Profitability

EBT Margin

4.48%

Return on Equity

23.31%

Return on Assets

1.36%

Free Cashflow Yield

4.34%

HGTY Fundamentals

HGTY Revenue

Revenue (TTM)

1.0B

Rev. Growth (Yr)

24.39%

Rev. Growth (Qtr)

-11.08%

HGTY Earnings

Earnings (TTM)

21.6M

Earnings Growth (Yr)

141.01%

Earnings Growth (Qtr)

-16.18%

Breaking Down HGTY Revenue

Last 7 days

2.0%

Last 30 days

1.7%

Last 90 days

15.7%

Trailing 12 Months

-0.4%

How does HGTY drawdown profile look like?

HGTY Financial Health

Current Ratio

1.48

Debt/Equity

1.41

Debt/Cashflow

1.02

HGTY Investor Care

Shares Dilution (1Y)

0.33%

Diluted EPS (TTM)

0.09

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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
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	-
Apr 08, 2024	kauffman robert i	sold	-27,101	9.04	-2,998	-
Apr 04, 2024	kauffman robert i	sold	-3,802	9.01	-422	-
Apr 03, 2024	kauffman robert i	sold	-9,297	9.00	-1,033	-
Apr 02, 2024	kauffman robert i	sold	-32,841	9.01	-3,645	-
Apr 01, 2024	favour charles john	acquired	-	-	36,885	chief underwriting officer
Apr 01, 2024	kay sabrina	acquired	-	-	9,836	-
Apr 01, 2024	harris laurie	acquired	-	-	9,836	-
Apr 01, 2024	harbert randall houston	acquired	-	-	9,836	-

Which funds bought or sold HGTY recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	unchanged	-	50,018	339,008	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	new	-	-	-	-%
Apr 16, 2024	Lincoln Capital LLC	added	27.92	1,254,730	3,847,990	0.86%
Apr 16, 2024	Lincoln Capital LLC	new	-	249,249	249,249	0.06%
Apr 11, 2024	17 CAPITAL PARTNERS, LLC	unchanged	-	7,500	48,750	0.04%
Apr 11, 2024	17 CAPITAL PARTNERS, LLC	unchanged	-	67,500	457,500	0.34%
Apr 05, 2024	Compass Wealth Management LLC	unchanged	-	223	1,510	-%
Apr 02, 2024	Greenhaven Road Investment Management, L.P.	reduced	-46.16	-59,366,900	2,517,110	1.06%
Apr 02, 2024	Greenhaven Road Investment Management, L.P.	reduced	-48.95	-158,809,000	8,137,270	3.42%
Apr 01, 2024	CONFLUENCE INVESTMENT MANAGEMENT LLC	new	-	3,472,890	3,472,890	0.05%

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

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
Apr 23, 2024	144	Notice of Insider Sale Intent
Apr 23, 2024	4	Insider Trading
Apr 17, 2024	4	Insider Trading
Apr 15, 2024	144	Notice of Insider Sale Intent
Apr 11, 2024	4	Insider Trading
Apr 09, 2024	144	Notice of Insider Sale Intent
Apr 08, 2024	144	Notice of Insider Sale Intent
Apr 08, 2024	4	Insider Trading
Apr 04, 2024	144	Notice of Insider Sale Intent
Apr 03, 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	1.0T	1.3B	-3.06%	3133.49%	-4.8K	761.86	-10.27%	-34.69%
AJG	51.3B	10.1B	-3.50%	14.70%	52.91	5.1	17.79%	-12.97%
AIG	51.1B	46.8B	-1.87%	44.64%	14.02	1.09	-14.05%	-64.38%
TRV	48.9B	42.9B	-4.52%	19.64%	15.57	1.14	13.52%	12.15%
AFL	48.6B	18.7B	-0.51%	26.71%	10.44	2.6	-2.30%	5.45%
ACGL	34.9B	13.6B	3.42%	29.33%	7.85	2.56	41.83%	201.02%
AFG	10.8B	7.8B	-1.14%	7.71%	12.73	1.39	11.18%	-5.12%
MID-CAP
UNM	9.9B	12.4B	-0.67%	27.01%	7.73	0.8	3.35%	-8.77%
AIZ	9.2B	11.1B	-1.85%	50.47%	14.32	0.83	9.21%	132.28%
LNC	4.9B	11.6B	-2.51%	35.58%	-6.48	0.42	-38.09%	-155.38%
AEL	4.4B	2.8B	0.20%	50.67%	21.12	1.57	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-4.27%	12.40%	-18.22	1.35	24.25%	-115.79%
AMSF	974.4M	306.9M	2.19%	-3.93%	15.69	3.18	4.11%	11.70%
AMBC	657.6M	269.0M	-3.43%	-7.17%	146.13	2.44	-46.68%	-99.14%
AAME	39.2M	186.8M	-30.94%	-16.16%	-229.08	0.21	-0.56%	-111.21%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Revenue	-11.1%	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	-33.8%	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	98.9%	0.10*	0.05*	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	-	-	-	-	-	1,903	928	1,271	766	866	610	456	570	594	-	-	-	-	-
Income Taxes	-0.3%	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	-41.3%	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	2208.5%	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	-16.2%	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	965.0%	0.02*	0.00*	0.00*	-0.01*	0.05*	-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	-97.6%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Assets	0.3%	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	0.1%	1,250	1,249	1,180	926	937	1,054	941	850	895	695	2.00	0.00	513	388
Cash Equivalents	19.4%	108	91.00	114	63.00	95.00	180	180	238	604	48.00	49.00	41.00	299	221
Net PPE	-3.5%	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	115	115	115	115	17.00	12.00	11.00	11.00	-	-	5.00	4.00
Liabilities	-0.9%	1,095	1,105	1,095	945	945	955	845	733	771	713	640	567	493	333
Current Liabilities	-5.4%	842	891	849	695	667	721	647	514	496	560	0.00	0.00	385	295
Long Term Debt	72.5%	131	76.00	81.00	89.00	108	136	87.00	118	136	118	-	-	69.00	26.00
LT Debt, Non Current	72.5%	131	76.00	81.00	89.00	108	136	87.00	118	136	118	-	-	69.00	26.00
Shareholder's Equity	24.9%	93.00	74.00	379	357	59.00	390	290	290	-322	-	5.00	0.00	117	-
Retained Earnings	3.0%	-468	-483	-489	-491	-489	-445	-460	-454	-482	-13.88	-4.92	0.00	57.00	-
Additional Paid-In Capital	0.7%	562	558	557	554	549	546	533	529	160	-	-6.61	0.00	-	-
Shares Outstanding	0.0%	340	340	340	339	339	339	333	333	333	-	-	0.00	0.00	0.00
Minority Interest	-1.7%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Cashflow From Operations	-97.6%	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	-1.5%	4,860	4,935	4,109	4,113	3,964	3,858	4,307	-	-	-	-	-	-	-	-	-	-	-
Cashflow From Investing	-475.3%	-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	1274.9%	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	-	-	-	-	-

HGTY Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUE:
Revenue from contract with customer	$ 468,347	$ 384,527	$ 323,255
Earned premium	531,866	403,061	295,824
Total revenue	1,000,213	787,588	619,079
OPERATING EXPENSES:
Salaries and benefits	216,896	199,542	171,901
Ceding commission, net	251,805	191,150	140,983
Losses and loss adjustment expenses	220,658	182,402	122,080
Sales expense	156,378	140,781	107,483
General and administrative services	85,434	89,068	64,558
Depreciation and amortization	45,809	33,887	22,144
Restructuring, impairment and related charges, net	8,812	18,324	0
Losses and impairments related to divestitures	4,013	0	0
Total operating expenses	989,805	855,154	629,149
OPERATING INCOME (LOSS)	10,408	(67,566)	(10,070)
Change in fair value of warrant liabilities	11,543	41,899	(42,540)
Revaluation gain on previously held equity method investment	0	34,735	0
Interest and other income (expense)	22,821	2,028	(1,993)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE	44,772	11,096	(54,603)
Income tax expense	(16,593)	(7,017)	(6,751)
Loss from equity method investment, net of tax	0	(1,676)	0
NET INCOME (LOSS)	28,179	2,403	(61,354)
Net (income) loss attributable to non-controlling interest	(7,948)	29,675	398
Net loss attributable to redeemable non-controlling interest	0	0	14,598
Accretion of Series A Convertible Preferred Stock	(3,677)	0	0
NET INCOME (LOSS) ATTRIBUTABLE TO CLASS A COMMON STOCKHOLDERS	16,554	32,078	(46,358)
Class A Common Stock
OPERATING EXPENSES:
NET INCOME (LOSS)	28,179	2,403	(61,354)
Net (income) loss attributable to non-controlling interest	(7,948)	29,675	398
Accretion of Series A Convertible Preferred Stock	$ (3,677)	$ 0	$ 0
Earnings (loss) per share of Class A Common Stock:
Basic (in dollars per share)	$ 0.19	$ 0.39	$ (0.56)
Diluted (in dollars per share)	$ 0.09	$ (0.07)	$ (0.56)
Weighted-average shares of Class A Common Stock outstanding:
Basic (in shares)	84,180	82,728	82,327
Diluted (in shares)	340,323	336,147	82,327
Commission and fee revenue
REVENUE:
Revenue from contract with customer	$ 365,512	$ 307,238	$ 271,571
Membership, marketplace and other revenue
REVENUE:
Revenue from contract with customer	$ 102,835	$ 77,289	$ 51,684

HGTY Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 108,326	$ 95,172
Restricted cash and cash equivalents	615,950	444,019
Accounts receivable	71,530	58,255
Premiums receivable	137,525	100,700
Commissions receivable	79,115
Notes receivable	35,896	25,493
Deferred acquisition costs, net	141,637	107,342
Other current assets	60,239	45,651
Total current assets	1,250,218	936,783
Notes receivable	17,018	11,934
Property and equipment, net	20,764	25,256
Lease right-of-use assets	50,515	82,398
Intangible assets, net	91,924	104,024
Goodwill	114,214	115,041
Other long-term assets	43,559	37,082
TOTAL ASSETS	1,588,212	1,312,518
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	87,175	77,049
Losses payable	62,001	55,516
Provision for unpaid losses and loss adjustment expenses	136,507	111,741
Commissions payable	108,739	77,075
Due to insurers	79,815	68,171
Advanced premiums	20,471	17,084
Unearned premiums	317,275	235,462
Contract liabilities	30,316	25,257
Total current liabilities	842,299	667,355
Long-term lease liabilities	50,459	80,772
Long-term debt, net	130,680	108,280
Warrant liabilities	34,018	45,561
Deferred tax liability	15,937	12,850
Contract liabilities	17,335	19,169
Other long-term liabilities	4,139	11,162
TOTAL LIABILITIES	1,094,867	945,149
Commitments and Contingencies (Note 24)	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 December 31, 2023 and no shares issued and outstanding as of December 31, 2022)	82,836	0
STOCKHOLDERS' EQUITY
Additional paid-in capital	561,754	549,034
Accumulated earnings (deficit)	(468,995)	(489,602)
Accumulated other comprehensive income (loss)	(88)	(213)
Total stockholders' equity	92,704	59,252
Non-controlling interest	317,805	308,117
Total equity (Note 19)	410,509	367,369
TOTAL LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS' EQUITY	1,588,212	1,312,518
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 Tue Apr 23 2024, market cap of Hagerty, Inc. is 3.08 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 Tue Apr 23 2024, HGTY's PE ratio (Price to Earnings) is 142.57 and Price to Sales (PS) ratio is 3.08. 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.