Hagerty (NYSE:HGTY) Shares Gap Up – What’s Next?

23 Dec 2025, 11:02 by Amy Steele · The Cerbat Gem

Hagerty, Inc. (NYSE:HGTY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $13.13, but opened at $13.57. Hagerty shares last traded at $13.5350, with a volume of 743 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HGTY. Citigroup assumed coverage on shares of Hagerty in a research note on Wednesday, October 1st. They issued an “outperform” rating on the stock. Wall Street Zen raised Hagerty from a “hold” rating to a “buy” rating in a research note on Sunday, November 30th. Keefe, Bruyette & Woods boosted their target price on shares of Hagerty from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Oppenheimer assumed coverage on shares of Hagerty in a research report on Wednesday, September 17th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, BMO Capital Markets started coverage on shares of Hagerty in a report on Monday, September 22nd. They set a “market perform” rating and a $13.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hagerty presently has an average rating of “Hold” and a consensus price target of $14.00.

Check Out Our Latest Report on Hagerty

Hagerty Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $4.63 billion, a P/E ratio of 48.34 and a beta of 0.89. The company’s 50 day moving average is $12.46 and its 200 day moving average is $11.47.

Hagerty (NYSE:HGTY – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $359.01 million for the quarter, compared to analyst estimates of $354.36 million. Hagerty had a return on equity of 16.85% and a net margin of 5.85%. As a group, equities analysts predict that Hagerty, Inc. will post 0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert I. Kauffman sold 15,270 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $11.12, for a total transaction of $169,802.40. Following the completion of the transaction, the director owned 898,097 shares of the company’s stock, valued at approximately $9,986,838.64. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 288,845 shares of company stock worth $3,392,749. Insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Hagerty

Several large investors have recently modified their holdings of HGTY. IFP Advisors Inc bought a new stake in Hagerty during the second quarter valued at $30,000. Osaic Holdings Inc. raised its position in shares of Hagerty by 2,374.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,949 shares of the company’s stock worth $50,000 after acquiring an additional 4,749 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Hagerty by 165.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,131 shares of the company’s stock valued at $62,000 after purchasing an additional 3,197 shares during the period. Bank of America Corp DE boosted its position in shares of Hagerty by 46.6% during the 2nd quarter. Bank of America Corp DE now owns 8,571 shares of the company’s stock valued at $87,000 after purchasing an additional 2,726 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Hagerty by 228.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 10,500 shares of the company’s stock valued at $106,000 after purchasing an additional 7,300 shares in the last quarter. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Hagerty Company Profile

(Get Free Report)

Hagerty is a specialized automotive lifestyle and insurance company that caters primarily to collectible car enthusiasts. Its core business centers on offering classic vehicle insurance policies designed to protect antique, vintage and specialty automobiles, motorcycles and boats. These policies typically feature agreed-value coverage, flexible usage options and access to restoration services, aligning with the unique needs of collectors and hobbyists.