Head-To-Head Survey: Hagerty (HGTY) versus Its Competitors

Hagerty (NYSE:HGTYGet Rating) is one of 35 public companies in the “Insurance agents, brokers, & service” industry, but how does it contrast to its rivals? We will compare Hagerty to related businesses based on the strength of its valuation, analyst recommendations, earnings, profitability, dividends, risk and institutional ownership.

Volatility & Risk

Hagerty has a beta of 0.61, meaning that its share price is 39% less volatile than the S&P 500. Comparatively, Hagerty’s rivals have a beta of 1.60, meaning that their average share price is 60% more volatile than the S&P 500.

Profitability

This table compares Hagerty and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Hagerty -1.30% -28.67% -4.08%
Hagerty Competitors 4.85% 28.10% 3.29%

Valuation & Earnings

This table compares Hagerty and its rivals top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Hagerty $619.08 million -$46.36 million -15.09
Hagerty Competitors $9.40 billion $793.06 million 162.54

Hagerty’s rivals have higher revenue and earnings than Hagerty. Hagerty is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a summary of current ratings and recommmendations for Hagerty and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hagerty 0 1 0 0 2.00
Hagerty Competitors 143 934 1148 27 2.47

As a group, “Insurance agents, brokers, & service” companies have a potential upside of 25.20%. Given Hagerty’s rivals stronger consensus rating and higher possible upside, analysts clearly believe Hagerty has less favorable growth aspects than its rivals.

Insider and Institutional Ownership

19.8% of Hagerty shares are owned by institutional investors. Comparatively, 55.5% of shares of all “Insurance agents, brokers, & service” companies are owned by institutional investors. 17.6% of Hagerty shares are owned by company insiders. Comparatively, 20.6% of shares of all “Insurance agents, brokers, & service” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Summary

Hagerty rivals beat Hagerty on 13 of the 13 factors compared.

Hagerty Company Profile

(Get Rating)

Hagerty, Inc. provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; 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 car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events. In addition, it offers DriveShare, a peer-to-peer rental platform for collector and cool vehicles; Motorsport Reg, a motorsport membership, licensing, and event online management system that automates event listings, registration, and payment processing for various motorsport events; and Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. The company is headquartered in Traverse City, Michigan.

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