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

Hagerty (NYSE:HGTY) had its target price raised by Citizens Jmp from $15.00 to $19.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods increased their target price on Hagerty from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Oppenheimer reissued an “outperform” rating and issued a $20.00 target price on shares of Hagerty in a report on Tuesday. Truist Financial boosted their price target on shares of Hagerty from $11.00 to $13.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company increased their price objective on shares of Hagerty from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.43.

Hagerty Price Performance

NYSE:HGTY opened at $18.71 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $6.43 billion, a P/E ratio of 311.82 and a beta of 0.83. Hagerty has a 12 month low of $9.36 and a 12 month high of $18.73. The business’s 50-day moving average is $14.36 and its 200 day moving average is $12.13.

Hagerty (NYSE:HGTY) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. The company had revenue of $354.24 million during the quarter, compared to analyst estimates of $338.99 million. Hagerty had a return on equity of 6.31% and a net margin of 1.08%. On average, equities research analysts forecast that Hagerty will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at Hagerty

In other news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 9,250,000 shares of the company’s stock, valued at $106,097,500. This trade represents a 13.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hagerty

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC bought a new position in shares of Hagerty during the 2nd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in Hagerty by 107.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,072 shares of the company’s stock valued at $32,000 after buying an additional 1,591 shares during the period. State of Alaska Department of Revenue bought a new stake in Hagerty in the third quarter worth $55,000. Integrated Wealth Concepts LLC bought a new stake in Hagerty in the second quarter worth $63,000. Finally, Vise Technologies Inc. bought a new stake in Hagerty in the third quarter worth $139,000. Hedge funds and other institutional investors 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 adjusted EPS of $0.10, well above the $0.01 consensus, and revenue of $354.24 million versus analysts’ $338.99 million estimate. The company also raised its 2026 net income outlook to $48–$60 million and adjusted EBITDA outlook to $305–$315 million. Hagerty third-quarter results and outlook
• Positive Sentiment: Underlying business measures showed growth: written premium rose 18% year over year, earned premium increased 42%, and Hagerty added a record 402,000 members in the first nine months. Adjusted EBITDA and operating cash flow were also higher year to date. Long-term investor takeaways
• Positive Sentiment: Citizens JMP raised its price target from $15 to $19 and maintained a “market outperform” rating, signaling a favorable view of the outlook. Citizens JMP recommendations
• Negative Sentiment: Reported revenue has been affected by Hagerty’s transition to the Markel fronting arrangement. Year-to-date net income was also lower than the prior-year period, with the company citing substantial transition costs. Hagerty third-quarter results and outlook
• Negative Sentiment: Truist raised its target to $16 and Wells Fargo to $17, but both kept neutral ratings; those targets are below the referenced share price. This suggests some analysts see limited near-term upside after the stock’s recent rise. Truist recommendations Wells Fargo recommendations

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.