Hagerty (NYSE:HGTY) Stock Price Target Raised at Truist Financial

Hagerty (NYSE:HGTY) had its price objective lifted by investment analysts at Truist Financial from $13.00 to $16.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial‘s target price suggests a potential downside of 10.56% from the company’s current price.

HGTY has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on shares of Hagerty from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wells Fargo & Company lifted their target price on Hagerty from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday. Zacks Research cut Hagerty from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Oppenheimer restated an “outperform” rating and issued a $20.00 price target on shares of Hagerty in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.43.

Hagerty Trading Up 5.0%

NYSE:HGTY traded up $0.86 during trading hours on Wednesday, hitting $17.89. The stock had a trading volume of 258,324 shares, compared to its average volume of 229,244. Hagerty has a one year low of $9.36 and a one year high of $17.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 199.22 and a beta of 0.83. The business’s 50 day moving average is $14.26 and its 200-day moving average is $12.10.

Hagerty (NYSE:HGTY) last posted its earnings results on Tuesday, November 3rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.09. The company had revenue of $354.24 million for the quarter, compared to analyst estimates of $338.99 million. Hagerty had a net margin of 1.81% and a return on equity of 5.15%. Sell-side analysts anticipate that Hagerty will post 0.01 EPS for the current fiscal year.

Insider Activity at Hagerty

In other news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $11.47, for a total value of $15,914,625.00. Following the sale, the insider directly owned 9,250,000 shares in the company, valued at $106,097,500. The trade was a 13.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of HGTY. Lincoln Capital LLC lifted its stake in Hagerty by 38.7% in the 3rd quarter. Lincoln Capital LLC now owns 1,350,809 shares of the company’s stock valued at $18,209,000 after acquiring an additional 377,158 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hagerty by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 271,346 shares of the company’s stock worth $2,857,000 after acquiring an additional 89,898 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Hagerty by 79.2% during the 1st quarter. Renaissance Technologies LLC now owns 157,668 shares of the company’s stock worth $1,660,000 after acquiring an additional 69,700 shares in the last quarter. E. Ohman J or Asset Management AB grew its stake in shares of 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 worth $647,000 after acquiring an additional 1,941 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Hagerty by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 39,730 shares of the company’s stock worth $418,000 after purchasing an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 20.51% of the company’s stock.

Hagerty News Summary

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Hagerty reported Q3 EPS of $0.10, above the $0.01 consensus, and revenue of $354.24 million, topping estimates of $338.99 million. The company also raised its 2026 net income outlook to $48–$60 million and adjusted EBITDA outlook to $305–$315 million. Hagerty Q3 results and outlook
• Positive Sentiment: Operating indicators were strong: year-to-date written premiums grew 18% to $1.099 billion, Hagerty added 402,000 members, and adjusted EBITDA rose 43% to $257 million. More than 60% of new insurance quotes came from younger buyers, a potential source of future growth. Hagerty: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Citizens JMP raised its price target to $19 from $15 and reiterated a “market outperform” rating, signaling further potential upside in its view. Citizens JMP rating
• Positive Sentiment: Broad Arrow, Hagerty’s auction business, recorded a $92.8 million Las Vegas sale, its highest-grossing auction in the city, with several collector-car record prices. This offers a favorable signal for collector-car demand, though auction totals are not equivalent to Hagerty revenue. Broad Arrow Las Vegas auction results
• Neutral Sentiment: Wells Fargo lifted its target to $17 from $14 but maintained an “equal weight” rating, contrasting with Citizens JMP’s more bullish view. Wells Fargo rating
• Negative Sentiment: Despite beating estimates, Q3 adjusted EPS was down from $0.13 a year earlier, and reported revenue declined year over year amid the previously disclosed Markel fronting transition. Net income was also weighed down by $189 million in year-to-date pre-tax transition costs, making reported results look weaker than adjusted operating measures. Hagerty Q3 adjusted earnings rise, revenue falls

Hagerty Company Profile

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.