Hagerty Stock Today
| HGTY Stock | USD 8.92 0.03 0.34% |
Performance8 of 100
| Odds Of DistressLess than 5
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Hagerty is trading at 8.92 as of the 4th of May 2024; that is -0.34 percent decrease since the beginning of the trading day. The stock's open price was 8.95. Hagerty has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat ok performance during the last 90 days. Equity ratings for Hagerty are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of May 2022 and ending today, the 4th of May 2024. Click here to learn more.
Business Domain Insurance | IPO Date 1st of June 2021 | Category Financial Services | Classification Financials |
It offers automobile and boat insurance products and reinsurance products. 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 has 85.63 M outstanding shares of which 1.07 M shares are currently shorted by private and institutional investors with about 19.57 trading days to cover. More on Hagerty
Moving together with Hagerty Stock
| 0.78 | L | Loews Corp | PairCorr |
| 0.9 | AFG | American Financial Financial Report 7th of May 2024 | PairCorr |
| 0.64 | ALL | Allstate | PairCorr |
Moving against Hagerty Stock
| 0.73 | FACO | First Acceptance Corp | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Hagerty Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hagerty's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hagerty or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Property & Casualty Insurance, Insurance - Property & Casualty, Financial Services, NYSE Composite, Financials, Insurance, Insurance—Property & Casualty, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Hagerty report their recommendations after researching Hagerty's financial statements, talking to executives and customers, or listening in on Hagerty's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Hagerty. The Hagerty consensus assessment is calculated by taking the average forecast from all of the analysts covering Hagerty. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Hagerty's financial statements, Hagerty may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Hagerty is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Hagerty's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hagerty's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hagerty's financial leverage. It provides some insight into what part of Hagerty's total assets is financed by creditors.
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Hagerty (HGTY) is traded on New York Stock Exchange in USA. It is located in 121 Drivers Edge, Traverse City, MI, United States, 49684 and employs 1,726 people. Hagerty is listed under Property & Casualty Insurance category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.01 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hagerty's market, we take the total number of its shares issued and multiply it by Hagerty's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hagerty conducts business under Insurance sector and is part of Financials industry. The entity has 85.63 M outstanding shares of which 1.07 M shares are currently shorted by private and institutional investors with about 19.57 trading days to cover.
Hagerty currently holds about 180.16 M in cash with 144.95 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.18.
Check Hagerty Probability Of Bankruptcy
Ownership AllocationHagerty has a total of 85.63 Million outstanding shares. The majority of Hagerty outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Hagerty to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Hagerty. Please pay attention to any change in the institutional holdings of Hagerty as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Hagerty Ownership Details
Hagerty Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Hagerty jumping above the current price in 90 days from now is about 22.66%. The Hagerty probability density function shows the probability of Hagerty stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Hagerty has a beta of 0.8791. This usually indicates Hagerty market returns are sensitive to returns on the market. As the market goes up or down, Hagerty is expected to follow. Additionally, hagerty has an alpha of 0.0922, implying that it can generate a 0.0922 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Hagerty to move above the current price in 90 days from now is about 22.66 (This Hagerty probability density function shows the probability of Hagerty Stock to fall within a particular range of prices over 90 days) .
Hagerty Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Hagerty that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Hagerty's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Hagerty's value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 272.7 K | |
| Millennium Management Llc | 2023-12-31 | 148.5 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 142.1 K | |
| State Street Corporation | 2023-12-31 | 131.4 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 129.6 K | |
| Lpl Financial Corp | 2023-12-31 | 108.1 K | |
| Gabelli Securities Inc | 2023-12-31 | 103.3 K | |
| Garde Capital, Inc. | 2023-12-31 | 100 K | |
| Northern Trust Corp | 2023-12-31 | 71.3 K | |
| State Farm Mutual Automobile Ins Co | 2023-12-31 | 50 M | |
| Polar Capital Holdings Plc | 2023-12-31 | 4.9 M |
Hagerty Historical Income Statement
Hagerty Income Statement is one of the three primary financial statements used for reporting Hagerty's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Hagerty revenue and expense. Hagerty Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Hagerty's Minority Interest is fairly stable compared to the past year. Cost Of Revenue is likely to rise to about 238.6 M in 2024, whereas Tax Provision is likely to drop slightly above 7.5 M in 2024. View More FundamentalsHagerty Stock Against Markets
Picking the right benchmark for Hagerty stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hagerty stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hagerty is critical whether you are bullish or bearish towards Hagerty at a given time. Please also check how Hagerty's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hagerty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Hagerty Corporate Management
Elected by the shareholders, the Hagerty's board of directors comprises two types of representatives: Hagerty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hagerty. The board's role is to monitor Hagerty's management team and ensure that shareholders' interests are well served. Hagerty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hagerty's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Diana Chafey | Chief Secretary | Profile | |
| Daniel Ignoto | VP Partnerships | Profile | |
| John Butcher | Pres Markets | Profile | |
| Collette Champagne | Chief Officer | Profile | |
| Chuck Favour | Chief Officer | Profile | |
| Paul BA | Marketing Media | Profile | |
| McKeel Hagerty | CEO Director | Profile |
How to buy Hagerty Stock?
Before investing in Hagerty, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hagerty. To buy Hagerty stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hagerty. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Hagerty stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Hagerty stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Hagerty stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Hagerty, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Hagerty Stock please use our How to Invest in Hagerty guide.
Already Invested in Hagerty?
The danger of trading Hagerty is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hagerty is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hagerty. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hagerty is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hagerty offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hagerty's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hagerty Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hagerty Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hagerty. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Hagerty Stock please use our How to Invest in Hagerty guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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When running Hagerty's price analysis, check to measure Hagerty's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hagerty is operating at the current time. Most of Hagerty's value examination focuses on studying past and present price action to predict the probability of Hagerty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hagerty's price. Additionally, you may evaluate how the addition of Hagerty to your portfolios can decrease your overall portfolio volatility.
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Is Hagerty's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hagerty. If investors know Hagerty will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hagerty listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.47) | Earnings Share 0.09 | Revenue Per Share 11.882 | Quarterly Revenue Growth 0.244 | Return On Assets 0.01 |
The market value of Hagerty is measured differently than its book value, which is the value of Hagerty that is recorded on the company's balance sheet. Investors also form their own opinion of Hagerty's value that differs from its market value or its book value, called intrinsic value, which is Hagerty's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hagerty's market value can be influenced by many factors that don't directly affect Hagerty's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hagerty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hagerty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hagerty's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.