Hagerty (NYSE:HGTY) Reaches New 1-Year High – Here’s What Happened

10 Oct 2026, 08:41 by Doug Wharley · The Cerbat Gem

Hagerty, Inc. (NYSE:HGTY – Get Free Report) shares reached a new 52-week high during trading on Thursday. The stock traded as high as $14.23 and last traded at $14.19, with a volume of 182,836 shares traded. The stock had previously closed at $13.93.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HGTY shares. Zacks Research upgraded Hagerty from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Truist Financial lifted their price objective on shares of Hagerty from $11.00 to $13.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods increased their price objective on shares of Hagerty from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Weiss Ratings raised Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hagerty from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.80.

View Our Latest Report on Hagerty

Hagerty Stock Performance

The company has a market cap of $4.88 billion, a price-to-earnings ratio of 157.96 and a beta of 0.83. The firm’s 50 day simple moving average is $13.37 and its 200-day simple moving average is $11.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.53 and a current ratio of 1.53.

Hagerty (NYSE:HGTY – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.07. The company had revenue of $354.82 million during the quarter, compared to the consensus estimate of $316.21 million. Hagerty had a net margin of 1.81% and a return on equity of 5.15%. On average, sell-side analysts predict that Hagerty, Inc. will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Holding Corp. Hagerty sold 9,250,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $11.47, for a total value of $106,097,500.00. Following the completion of the sale, the insider owned 9,250,000 shares of the company’s stock, valued at $106,097,500. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Hagerty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGTY. Lincoln Capital LLC raised its holdings in Hagerty by 38.7% in the 3rd quarter. Lincoln Capital LLC now owns 1,350,809 shares of the company’s stock valued at $18,209,000 after buying an additional 377,158 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hagerty by 49.5% during the first quarter. Dimensional Fund Advisors LP now owns 271,346 shares of the company’s stock worth $2,857,000 after buying an additional 89,898 shares during the period. Renaissance Technologies LLC increased its position in shares of Hagerty by 79.2% during the first quarter. Renaissance Technologies LLC now owns 157,668 shares of the company’s stock valued at $1,660,000 after acquiring an additional 69,700 shares during the last quarter. Bristlecone Value Partners LLC purchased a new stake in shares of Hagerty in the 4th quarter valued at approximately $779,000. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of Hagerty in the 1st quarter worth approximately $481,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

About Hagerty

(Get Free Report)

Hagerty, Inc (NYSE: HGTY) is an automotive enthusiast company focused on protecting, valuing and celebrating collectible vehicles. Its primary business is specialty insurance for classic, vintage, exotic and other enthusiast vehicles, supported by coverage options and services designed for vehicles that may be driven less frequently or require specialized valuation.