HGTY Stock Analysis: Hagerty | NYSE

Collector Insurance, Membership Subscriptions, Reinsurance, Marketplace Auctions

Total Rating 65

Safety 87

Buy Signal 0.83

Insurance - Property & Casualty
Industry Rotation: +4.2

Market Cap: 6.43B
Avg Turnover: 5.92M

Risk 3d forecast

Volatility38.6%

VaR 5^th Pctl6.20%

VaR vs Median-2.34%

Reward TTM

Sharpe Ratio0.82

Rel. Str. IBD94.4

Rel. Str. Peer Group99.1 pctl

Character TTM

Beta0.424

Beta Downside0.192

Hurst Exponent0.447

Choppyness19.5%

Drawdowns 3y

Max DD31.07%

CAGR/Max DD0.82

CAGR/Mean DD2.36

EPS (Earnings per Share)

EPS CAGR: 11.49%
EPS Trend: 21.7%

Last SUE: 2.18
Qual. Beats: 2

Revenue

Rev. CAGR: 13.61%
Rev. Trend: 95.6%

Last SUE: 0.76
Qual. Beats: 0

Warnings

P/E Ratio 311.8

Fakeout

Below Avwap Earnings

Tailwinds

Rs Leader

Idiosyncratic Leader

Seasonality 5.4 years of data, until 10/2026

Jan -1.6% 14

Feb +0.3% 0

Mar -9.1% 14

Apr -4.7% 14

May +1.0% 0

Jun +3.1% 40

Jul -1.7% 50

Aug +3.0% 22

Sep -7.2% 5

Oct -0.1% 0

Nov +4.0% 40

Dec -6.7% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.

Description: HGTY Hagerty

agerty (HGTY) is a specialty insurer focused exclusively on collector and enthusiast vehicles, operating across the United States, Canada, and the United Kingdom through two segments: Insurance and Marketplace. The Insurance segment functions as a managing general agent (MGA), meaning it underwrites, sells, and services collector vehicle policies on behalf of carrier partners while also providing reinsurance; policies are typically bundled with Hagerty Drivers Club memberships that add roadside assistance, a proprietary valuation tool, a magazine, event access, and partner discounts. The Marketplace segment complements the insurance core by offering live auctions, online sale platforms, and brokered private sales for collectors, effectively monetizing the same enthusiast customer base across insurance and transaction services.

Within the GICS framework, Hagerty sits in the Property & Casualty Insurance sub-industry of Financials. The MGA structure is notable because it allows Hagerty to earn commission and fee revenue without holding full underwriting risk on its balance sheet, while its reinsurance activities and integrated Marketplace create a vertically oriented platform around the collector car niche. The company was founded in 1984, is headquartered in Traverse City, Michigan, IPOd in June 2021, and remains a subsidiary of Hagerty Holding Corp.

Headlines to Watch Out For

Insurance segment combined ratio trends drive underwriting profitability
Hagerty Drivers Club membership growth fuels recurring revenue
Marketplace auction volume tracks collector car market demand

Piotroski VR-10 (Strict) 5.0

Net Income: 14.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 5.08 > 1.0
NWC/Revenue: 90.11% < 20% (prev -19.79%; Δ 109.9% < -1%)
CFO/TA 0.14 > 3% & CFO 309.2m > Net Income 14.8m
Net Debt (-927.5m) to EBITDA (101.4m): -9.15 < 3
Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities)
Outstanding Shares: last quarter (107.8m) vs 12m ago -68.96% < -2%
Gross Margin: 73.93% > 18% (prev 72.47%; Δ 1.46% > 0.5%)
Asset Turnover: 62.20% > 50% (prev 63.20%; Δ -1.00% > 0%)
Interest Coverage Ratio: 1.62 > 6 (EBIT TTM 62.4m / Interest Expense TTM 38.6m)

Altman Z'' 3.44

A: 0.54 (Total Current Assets 1.24b - Total Current Liabilities 0.0) / Total Assets 2.28b
B: -0.17 (Retained Earnings -397.0m / Total Assets 2.28b)
C: 0.03 (EBIT TTM 62.4m / Avg Total Assets 2.22b)
D: 0.23 (Book Value of Equity 344.1m / Total Liabilities 1.47b)
Altman-Z'' = 3.44 = A

Beneish M -3.75

DSRI: 0.29 (Receivables 142.3m/477.8m, Revenue 1.38b/1.36b)
GMI: 0.98 (GM 72.47% / 73.93%)
AQI: 0.79 (AQ_t 0.43 / AQ_t-1 0.54)
SGI: 1.01 (Revenue 1.38b / 1.36b)
TATA: -0.13 (NI 14.8m - CFO 309.2m) / TA 2.28b)
Beneish M = -3.75 (Cap -4..+1) = AAA

What is the price of HGTY shares?

As of November 11, 2026, the stock is trading at USD 16.94 with a total of 550,320 shares traded. Over the past week, the price has changed by -0.53%, over one month by +16.35%, over three months by +29.12% and over the past year by +30.91%.

Current recommended Stop Loss: 16.10 (which is 5% or 1.2 ATR below the current price).

Is HGTY a buy, sell or hold?

Hagerty has received a consensus analysts rating of 3.56. Therefore, it is recommended to hold HGTY.

StrongBuy: 2
Buy: 2
Hold: 4
Sell: 1
StrongSell: 0

What are the forecasts/targets for the HGTY price?

Analysts Target Price	14.5	-14.4%

Hagerty (HGTY) - Fundamental Data Overview as of 06 November 2026

Market Cap USD = 6.43b (6.43b USD * 1.0 USD.USD)
P/E Trailing = 311.8333
P/E Forward = 29.8507
P/S = 4.6265
P/B = 8.9085
P/EG = 0.265
Revenue TTM = 1.38b USD
EBIT TTM = 62.4m USD
EBITDA TTM = 101.4m USD
Long Term Debt = 24.5m USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.21m USD (from shortTermDebt, last quarter)
Debt = 286.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 40.5m
Net Debt = -927.5m USD (calculated: Debt 286.9m - CCE 1.21b)
Enterprise Value = 5.50b USD (6.43b + Debt 286.9m - CCE 1.21b)
Interest Coverage Ratio = 1.62 (Ebit TTM 62.4m / Interest Expense TTM 38.6m)
EV/FCF = 19.67x (Enterprise Value 5.50b / FCF TTM 279.6m)
FCF Yield = 5.08% (FCF TTM 279.6m / Enterprise Value 5.50b)
FCF Margin = 20.29% (FCF TTM 279.6m / Revenue TTM 1.38b)
Net Margin = 1.08% (Net Income TTM 14.8m / Revenue TTM 1.38b)
Gross Margin = 73.93% ((Revenue TTM 1.38b - Cost of Revenue TTM 359.3m) / Revenue TTM)
Gross Margin QoQ = 74.52% (prev 68.80%)
Tobins Q-Ratio = 2.41 (Enterprise Value 5.50b / Total Assets 2.28b)
Interest Expense / Debt = 13.46% (Interest Expense 38.6m / Debt 286.9m)
Taxrate = 3.64% (2.27m / 62.4m)
NOPAT = 60.1m (EBIT 62.4m * (1 - 3.64%))
Current Ratio = unknown (Total Current Assets 1.24b / Total Current Liabilities 0.0)
Debt / Equity = 0.83 (Debt 286.9m / totalStockholderEquity, last quarter 344.1m)
Debt / EBITDA = -9.15 (Net Debt -927.5m / EBITDA 101.4m)
Debt / FCF = -3.32 (Net Debt -927.5m / FCF TTM 279.6m)
Total Stockholder Equity = 292.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.67% (Net Income 14.8m / Total Assets 2.28b)
RoE = 5.06% (Net Income TTM 14.8m / Total Stockholder Equity 292.8m)
RoCE = 19.66% (EBIT 62.4m / Capital Employed (Equity 292.8m + L.T.Debt 24.5m))
RoIC = 5.86% (EBIT 62.4m / (Assets 2.28b - Curr.Liab 0.0 - Cash 1.21b))
WACC = 7.32% (E(6.43b)/V(6.72b) * Re(7.07%) + D(286.9m)/V(6.72b) * Rd(13.46%) * (1-Tc(0.04)))
Discount Rate = 7.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 8.96 | Cagr: 10.74%
[DCF] Terminal Value 77.97% ; FCFF base≈229.7m ; Y1≈263.3m ; Y5≈387.5m
[DCF] Fair Price = 60.71 (EV 5.83b - Net Debt -927.5m = Equity 6.76b / Shares 111.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 21.67 | EPS CAGR: 11.49% | SUE: 2.18 | # QB: 2
Revenue Correlation: 95.63 | Revenue CAGR: 13.61% | SUE: 0.76 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.15 | Chg30d=+0.00% | Revisions=+29% | Analysts=6
EPS current Year (2026-12-31): EPS=0.03 | Chg30d=N/A | Revisions=+25% | GrowthEPS=-92.8% | GrowthRev=-1.7%
EPS next Year (2027-12-31): EPS=0.59 | Chg30d=+1.08% | Revisions=+50% | GrowthEPS=+2118.5% | GrowthRev=+8.6%
[Analyst] Revisions Ratio: +55% (up=7, down=1)