Wells Fargo & Company Issues Positive Forecast for Hagerty (NYSE:HGTY) Stock Price

Hagerty (NYSE:HGTY) had its price objective lifted by equities research analysts at Wells Fargo & Company from $14.00 to $17.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 3.07% from the stock’s previous close.

HGTY has been the topic of a number of other reports. Citizens Jmp raised their price target on shares of Hagerty from $15.00 to $19.00 and gave the company a “market outperform” rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of Hagerty from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on Hagerty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, Zacks Research cut shares of Hagerty from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Hagerty presently has a consensus rating of “Hold” and an average target price of $16.00.

Hagerty Stock Performance

Hagerty stock traded up $0.51 during trading hours on Wednesday, hitting $17.54. The stock had a trading volume of 39,628 shares, compared to its average volume of 228,246. 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 of $14.26 and a two-hundred day moving average of $12.10. Hagerty has a fifty-two week low of $9.36 and a fifty-two week high of $17.40. The company has a market cap of $6.03 billion, a PE ratio of 193.61 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 (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.09. Hagerty had a return on equity of 5.15% and a net margin of 1.81%. The business had revenue of $354.24 million during the quarter, compared to analyst estimates of $338.99 million. On average, equities research analysts anticipate that Hagerty will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the 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 transaction, the insider owned 9,250,000 shares of the company’s stock, valued at $106,097,500. This represents a 13.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

Institutional Trading of Hagerty

Several institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new stake in shares of Hagerty in the second quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its stake in Hagerty by 107.4% in the first 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 last quarter. State of Alaska Department of Revenue purchased a new stake in Hagerty during the 3rd quarter valued at approximately $55,000. Integrated Wealth Concepts LLC acquired a new stake in Hagerty in the second quarter valued at about $63,000. Finally, Vise Technologies Inc. acquired a new stake in Hagerty in the third quarter valued at $139,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

Trending Headlines about Hagerty

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Citizens JMP raised its price target on HGTY from $15 to $19 and assigned a “market outperform” rating, signaling confidence in further upside. Citizens JMP rating information
• Positive Sentiment: Third-quarter adjusted EPS was $0.10, well above the $0.01 consensus estimate. Revenue of $354.24 million also exceeded analysts’ expectations of about $339 million. Hagerty Q3 results
• Positive Sentiment: Hagerty raised its 2026 profit outlook, projecting net income of $48 million to $60 million and adjusted EBITDA of $305 million to $315 million. Year-to-date adjusted EBITDA rose 43% to $257 million, while operating cash flow increased 48% to $280 million. Hagerty raises 2026 outlook
• Positive Sentiment: Underlying business growth was strong: written premium increased 18% year over year, and Hagerty added 402,000 members in the first nine months, with policy-in-force growth of 18%. Hagerty long-term takeaways
• Neutral Sentiment: Broad Arrow, Hagerty’s collector-car auction business, reported a record $92.8 million Las Vegas sale, with 76% of lots sold. The result points to activity in the collector-car market, though its direct near-term effect on earnings is unclear. Broad Arrow auction results
• Negative Sentiment: Reported revenue was lower year over year, and year-to-date net income fell to $32 million from $121 million. Hagerty attributed pressure in reported results to $189 million in pre-tax transitional costs related to its Markel fronting arrangement; adjusted profitability and operating metrics improved. Hagerty financial results and outlook

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.