Stock HGTY HAGERTY, INC.
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Company Hagerty, Inc.

Equities

HGTY

US4051661092

Property & Casualty Insurance

End-of-day quote Nyse
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
8.76 USD -0.57% Intraday chart for Hagerty, Inc. -1.02% +12.31%
Mar. 21 Broad Arrow Auctions Announces Board Appointments CI
Mar. 12 Transcript : Hagerty, Inc., Q4 2023 Earnings Call, Mar 12, 2024

Business Summary

Hagerty, Inc. is an automotive enthusiast brand and specialty vehicle insurance provider. The Company is a provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the Americans who self-describe as car enthusiasts. Through its insurance model, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing classic car and enthusiast vehicle insurance policies. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which can be bundled with its insurance policies and give subscribers access to an array of products and services, including Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, emergency roadside assistance, and special vehicle-related discounts. The Company provides insurance for approximately 2.4 million classic cars and enthusiast vehicles.

Number of employees: 1,729

Sales per Business

USD in Million2022Weight2023Weight Delta
Insurance and Related Activities
100.0 %
788 100.0 % 1,000 100.0 % +27.00%

Sales per region

USD in Million2022Weight2023Weight Delta
Reconciling Items
53.2 %
403 51.2 % 532 53.2 % +31.96%
United States
43.5 %
356 45.2 % 435 43.5 % +22.18%
Canada
2.6 %
23 3.0 % 26 2.6 % +10.75%
Europe
0.8 %
6 0.7 % 8 0.8 % +43.91%

Managers

Managers TitleAgeSince
McKeel Hagerty CEO
 Chief Executive Officer 56 08-12-31
Patrick McClymont DFI
 Director of Finance/CFO 54 22-09-05
Collette Champagne ADM
 Chief Administrative Officer 55 17-12-31
Russell Page CTO
 Chief Tech/Sci/R&D Officer - 22-08-03
Paul Rehrig IRO
 Public Communications Contact 50 21-07-31
Jason Koval IRC
 Investor Relations Contact - 22-06-22
Charles Favour PRN
 Corporate Officer/Principal 56 -
Larry Webster PRN
 Corporate Officer/Principal - -
Soon Hagerty PRN
 Corporate Officer/Principal - -
Arjun H. Chowdri PRN
 Corporate Officer/Principal - Jan. 17

Members of the board

Members of the board TitleAgeSince
Robert Kauffman BRD
 Director/Board Member 60 19-12-31
Michael Crowley BRD
 Director/Board Member 72 18-12-31
William Swanson BRD
 Director/Board Member 75 21-11-30
Mika Jerry Salmi BRD
 Director/Board Member 58 21-11-30
McKeel Hagerty CEO
 Chief Executive Officer 56 08-12-31
Sabrina Kay BRD
 Director/Board Member 61 21-11-30
Randall Harbert BRD
 Director/Board Member 60 23-02-28
Laurie Harris BRD
 Director/Board Member 65 18-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 10 251,033,906 0 0 23.57 %
Stock B 1 84,655,539 79,134,637 ( 93.48 %) 0
Stock C 0 8,483,561 0 0

Shareholders

NameEquities%Valuation
State Farm Investment Management Corp.
59.06 %
50,000,000 59.06 % 458 M $
Robert Kauffman
8.093 %
6,851,297 8.093 % 63 M $
POLAR CAPITAL HOLDINGS PLC
5.818 %
4,925,000 5.818 % 45 M $
LB Hercules Holdings LLC
3.984 %
3,372,256 3.984 % 31 M $
MARKEL GROUP INC.
3.544 %
3,000,000 3.544 % 27 M $
Vanguard Investments Australia Ltd.
2.371 %
2,006,961 2.371 % 18 M $
McKeel Hagerty
1.626 %
1,376,751 1.626 % 13 M $
Greenhaven Road Investment Management LP
1.232 %
1,043,240 1.232 % 10 M $
Fenimore Asset Management, Inc.
1.117 %
945,286 1.117 % 9 M $
Royce & Associates LP
0.5906 %
500,000 0.5906 % 5 M $
NameEquities%Valuation
Greenhaven Road Investment Management LP
-
1,467,700 - 3 M $
Aristeia Capital LLC
-
1,046,768 - 2 M $
MARKEL GROUP INC.
-
540,000 - 1 M $
Ionic Capital Management LLC
-
425,066 - 828 879 $
Morgan Stanley Smith Barney LLC
-
139,573 - 272 167 $
Lincoln Capital LLC
-
127,820 - 249 249 $
Verition Fund Management LLC
-
79,579 - 155 179 $
17 Capital Partners LLC
-
25,000 - 48 750 $
Wolverine Asset Management LLC
-
19,827 - 38 663 $
NameEquities%Valuation
Hagerty Holding Corp.
70.12 %
176,033,906 70.12 % 1 611 M $
MARKEL GROUP INC.
29.88 %
75,000,000 29.88 % 686 M $
NameEquities%Valuation
State Farm Investment Management Corp.
62.50 %
5,302,226 62.50 % 49 M $
MARKEL GROUP INC.
18.75 %
1,590,668 18.75 % 15 M $
McKeel Hagerty
6.250 %
530,222 6.250 % 5 M $

Company contact information

Hagerty, Inc.

121 Drivers Edge

49684-1303, Traverse City

+

http://www.hagerty.com
address Hagerty, Inc.(HGTY)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Insurance - Automobile

Sales per region

Ratings for Hagerty, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
8.76 USD
Average target price
11.33 USD
Spread / Average Target
+29.38%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Insurance - Automobile

1st Jan change Capi.
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Insurance - Automobile
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