Hagerty (NYSE:HGTY) versus Greenlight Capital Re (NASDAQ:GLRE) Financial Survey

Greenlight Capital Re (NASDAQ:GLRE) and Hagerty (NYSE:HGTY) are both finance companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, valuation, earnings, profitability, analyst recommendations, dividends and risk.

Insider & Institutional Ownership

41.5% of Greenlight Capital Re shares are held by institutional investors. Comparatively, 20.5% of Hagerty shares are held by institutional investors. 24.7% of Greenlight Capital Re shares are held by company insiders. Comparatively, 3.7% of Hagerty shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Valuation & Earnings

This table compares Greenlight Capital Re and Hagerty”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Greenlight Capital Re	$645.01 million	0.76	$74.83 million	$1.47	10.24
Hagerty	$1.46 billion	3.26	$49.02 million	$0.09	153.67

Greenlight Capital Re has higher earnings, but lower revenue than Hagerty. Greenlight Capital Re is trading at a lower price-to-earnings ratio than Hagerty, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Greenlight Capital Re and Hagerty’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Greenlight Capital Re	7.47%	7.28%	2.32%
Hagerty	1.81%	5.15%	1.58%

Risk & Volatility

Greenlight Capital Re has a beta of 0.32, suggesting that its stock price is 68% less volatile than the S&P 500. Comparatively, Hagerty has a beta of 0.81, suggesting that its stock price is 19% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Greenlight Capital Re and Hagerty, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Greenlight Capital Re	0	2	0	0	2.00
Hagerty	0	5	2	1	2.50

Hagerty has a consensus target price of $13.86, suggesting a potential upside of 0.20%. Given Hagerty’s stronger consensus rating and higher probable upside, analysts clearly believe Hagerty is more favorable than Greenlight Capital Re.

Summary

Hagerty beats Greenlight Capital Re on 8 of the 15 factors compared between the two stocks.

About Greenlight Capital Re

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products. The company markets its products through reinsurance brokers. Greenlight Capital Re, Ltd. was incorporated in 2004 and is headquartered in Grand Cayman, the Cayman Islands.

About Hagerty

Hagerty, Inc. provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; 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. In addition, it offers HVT, a valuation tool used by the customer to access current and historic pricing data of collector vehicle models. Further, the company offers Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. Hagerty, Inc. is headquartered in Traverse City, Michigan.