Hagerty (NYSE:HGTY) Stock Price Target Raised at Citizens Jmp

Hagerty (NYSE:HGTY) had its target price lifted by Citizens Jmp from $15.00 to $19.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp‘s price target indicates a potential upside of 12.00% from the company’s previous close.

HGTY has been the subject of a number of other research reports. Oppenheimer reiterated an “outperform” rating and set a $20.00 price objective on shares of Hagerty in a research report on Tuesday. Weiss Ratings upgraded shares of Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods boosted their price target on Hagerty from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price objective on shares of Hagerty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Finally, Zacks Research cut Hagerty from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.43.

Hagerty Stock Performance

Shares of HGTY stock opened at $16.96 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $14.26 and a 200-day moving average price of $12.10. Hagerty has a 52 week low of $9.36 and a 52 week high of $17.29. The firm has a market capitalization of $5.83 billion, a PE ratio of 188.50 and a beta of 0.83.

Hagerty (NYSE:HGTY) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. Hagerty had a net margin of 1.81% and a return on equity of 5.15%. The company had revenue of $354.24 million for the quarter, compared to the consensus estimate of $338.99 million. As a group, equities research analysts expect that Hagerty will post 0.01 earnings per share for the current year.

Insider Activity at Hagerty

In other Hagerty news, major shareholder Holding Corp. Hagerty sold 9,250,000 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $11.47, for a total transaction of $106,097,500.00. Following the completion of the transaction, the insider owned 9,250,000 shares of the company’s stock, valued at $106,097,500. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hagerty

Several large investors have recently made changes to their positions in HGTY. Lincoln Capital LLC lifted its position in shares of Hagerty by 38.7% in the third quarter. Lincoln Capital LLC now owns 1,350,809 shares of the company’s stock worth $18,209,000 after buying an additional 377,158 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Hagerty by 49.5% during the first quarter. Dimensional Fund Advisors LP now owns 271,346 shares of the company’s stock valued at $2,857,000 after buying an additional 89,898 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Hagerty by 79.2% during the 1st quarter. Renaissance Technologies LLC now owns 157,668 shares of the company’s stock valued at $1,660,000 after buying an additional 69,700 shares in the last quarter. E. Ohman J or Asset Management AB grew its holdings in Hagerty by 4.2% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 48,047 shares of the company’s stock valued at $647,000 after buying an additional 1,941 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Hagerty by 3.1% during the 1st quarter. Bank of New York Mellon Corp now owns 39,730 shares of the company’s stock valued at $418,000 after buying an additional 1,209 shares in the last quarter. 20.51% of the stock is owned by institutional investors.

More Hagerty News

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Adjusted third-quarter EPS was $0.10, above the $0.01 consensus estimate, while revenue of $354.2 million also topped expectations of $339.0 million. Hagerty reports third-quarter 2026 results
• Positive Sentiment: Hagerty raised its 2026 outlook, forecasting net income of $48 million to $60 million and adjusted EBITDA of $305 million to $315 million—an indication of improved profit expectations. Hagerty reports third-quarter 2026 results
• Positive Sentiment: Operating metrics showed momentum: year-to-date written premium grew 18% to $1.099 billion, Hagerty added a record 402,000 members, and adjusted EBITDA rose 43% to $257 million. More than 60% of new insurance quotes came from younger buyers, potentially broadening its customer base. Hagerty: 3 key takeaways for long-term investors
• Neutral Sentiment: Broad Arrow’s Las Vegas auction generated a record $92.8 million in sales, a favorable sign for collector-car activity, though auction totals do not directly equal Hagerty revenue. Broad Arrow Las Vegas auction results
• Negative Sentiment: Reported revenue declined year over year, which Hagerty had previously attributed to the transition to its Markel fronting arrangement. The company also reported $189 million in year-to-date pretax transition costs, weighing on reported net income compared with the prior-year period. Hagerty Q3 adjusted earnings rise, revenue falls

About Hagerty

Hagerty, Inc is an automotive lifestyle and insurance company focused on enthusiasts and owners of classic, collector and specialty vehicles. The company provides insurance brokerage and related services designed for collector vehicles, with coverage generally underwritten by third-party insurance carriers.

In addition to insurance, Hagerty offers vehicle valuation and pricing information, membership programs, editorial content, events and enthusiast-focused digital services. Its offerings include Hagerty Drivers Club, Hagerty Valuations and Hagerty Marketplace, which connects buyers and sellers of collectible vehicles.