(HGTY) Hagerty - Ratings and Ratios

Hagerty, Inc. (NYSE: HGTY) is a leading provider of insurance services tailored for collector cars and enthusiast vehicles in the United States. Specializing in the underwriting, distribution, and servicing of insurance policies for high-value and classic vehicles, the company has established itself as a niche player in the property and casualty insurance sector. Its offerings extend beyond traditional insurance, incorporating a membership program known as Hagerty Drivers Club, which is often bundled with insurance policies. This membership provides a suite of benefits, including emergency roadside assistance, access to the Hagerty Drivers Club magazine, invitations to automotive events, and a proprietary vehicle valuation tool. Additionally, Hagerty operates a complementary marketplace for classic and enthusiast vehicles, further enhancing its ecosystem for car enthusiasts. Headquartered in Traverse City, Michigan, the company has built a reputation for catering to the unique needs of car collectors and enthusiasts.

From a financial perspective, Hagerty, Inc. operates with a market capitalization of $3.114 billion, reflecting its position as a significant player in its niche. The companys price-to-earnings (P/E) ratio stands at 86.60, indicating a premium valuation relative to its earnings. The price-to-book (P/B) ratio of 5.19 suggests that investors are placing a high value on the companys assets and growth potential. With a return on equity (RoE) of 72.55%, Hagerty demonstrates strong profitability relative to shareholder equity. The trailing 20-day average volume of 78,824 shares highlights moderate trading activity, while the stocks last price of $8.80 reflects current market sentiment.

From a technical perspective, Hagertys stock is currently trading below its key moving averages, with the 20-day SMA at $8.71, the 50-day SMA at $9.26, and the 200-day SMA at $10.38. This indicates a bearish trend in the short to medium term. The Average True Range (ATR) of 0.44 suggests moderate volatility, with potential price fluctuations in the near term. Based on these indicators, Hagertys stock is expected to face resistance at the $9.26 level (50-day SMA) and support at the $8.71 level (20-day SMA). Over the next three months, the stock is likely to remain range-bound between $8.50 and $10.00, with potential upside driven by positive earnings surprises or improving market conditions.