Hagerty, Inc. provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events. 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 is headquartered in Traverse City, Michigan.
Company profile
Ticker
HGTY, HGTPW
Exchange
Website
CEO
Mr. McKeel O. Hagerty
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Aldel Financial Inc.
SEC CIK
Corporate docs
Subsidiaries
The Hagerty Group, LLC • Hagerty Asset Management, LLC • Hagerty International Holdings Limited • Classic Car Analytics GMBH • Hagerty International Limited • Hagerty Enthusiast Limited • Hagerty Insurance Agency, LLC • Hagerty Canada, LLC • Hagerty Classic Marine Insurance Agency, LLC • Hagerty Driveshare, LLC ...
HGTY stock data
Latest filings (excl ownership)
8-K
Other Events
6 Sep 24
10-Q
2024 Q2
Quarterly report
6 Aug 24
8-K
Results of Operations and Financial Condition
6 Aug 24
8-K
Other Events
26 Jul 24
25-NSE
Exchange delisting
22 Jul 24
8-K
Hagerty Names Insurance Veteran Anthony J. Kuczinski to Hagerty’s Board of Directors
9 Jul 24
SC TO-I/A
Issuer tender offer statement (amended)
5 Jul 24
425
Business combination disclosure
5 Jul 24
8-K
Hagerty Announces Expiration and Results of Warrant Exchange Offer and Consent Solicitation
5 Jul 24
EFFECT
Notice of effectiveness
2 Jul 24
Transcripts
HGTY
Earnings call transcript
2024 Q2
6 Aug 24
HGTY
Earnings call transcript
2024 Q1
7 May 24
HGTY
Earnings call transcript
2023 Q4
12 Mar 24
HGTY
Earnings call transcript
2023 Q3
8 Nov 23
HGTY
Earnings call transcript
2023 Q2
8 Aug 23
HGTY
Earnings call transcript
2023 Q2
8 Aug 23
HGTY
Earnings call transcript
2023 Q1
9 May 23
HGTY
Earnings call transcript
2022 Q4
14 Mar 23
HGTY
Earnings call transcript
2022 Q3
13 Nov 22
HGTY
Earnings call transcript
2022 Q2
11 Aug 22
Latest ownership filings
144
Notice of proposed sale of securities
23 Oct 24
144
Notice of proposed sale of securities
22 Oct 24
4
ROBERT I KAUFFMAN
21 Oct 24
144
Notice of proposed sale of securities
21 Oct 24
144
Notice of proposed sale of securities
18 Oct 24
144
Notice of proposed sale of securities
17 Oct 24
4
ROBERT I KAUFFMAN
16 Oct 24
144
Notice of proposed sale of securities
16 Oct 24
144
Notice of proposed sale of securities
15 Oct 24
144
Notice of proposed sale of securities
15 Oct 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Operating income | |||||
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Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 315.52 mm | 315.52 mm | 315.52 mm | 315.52 mm | 315.52 mm | 315.52 mm |
Cash burn (monthly) | 137.10 mm | 26.40 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 520.39 mm | 100.22 mm | n/a | n/a | n/a | n/a |
Cash remaining | -204.87 mm | 215.30 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -1.5 | 8.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
72.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 72 |
Opened positions | 11 |
Closed positions | 13 |
Increased positions | 23 |
Reduced positions | 18 |
13F shares | Current |
---|---|
Total value | 737.28 bn |
Total shares | 247.09 mm |
Total puts | 3.30 k |
Total calls | 12.60 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Hagerty Holding | 176.03 mm | $0.00 |
State Farm Mutual Automobile Insurance | 50.00 mm | $520.00 bn |
Polar Capital | 5.00 mm | $52.00 bn |
Neuberger Berman | 4.11 mm | $42.79 bn |
MKL Markel | 3.00 mm | $31.20 bn |
Vanguard | 2.84 mm | $29.53 bn |
Greenhaven Road Investment Management | 1.18 mm | $12.26 bn |
Fenimore Asset Management | 956.68 k | $9.95 bn |
Royce & Associates | 525.00 k | $5.46 bn |
BLK BlackRock | 456.36 k | $4.75 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.47 | 3,083 | 32.28 k | 5,071,388 |
18 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.71 | 2,538 | 27.18 k | 5,074,471 |
17 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.64 | 3,617 | 38.48 k | 5,077,009 |
16 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.72 | 3,040 | 32.59 k | 5,080,626 |
15 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.78 | 2,541 | 27.39 k | 5,083,666 |
14 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.78 | 1,732 | 18.67 k | 5,086,207 |
11 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.78 | 3,683 | 39.70 k | 5,087,939 |
10 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.77 | 3,147 | 33.89 k | 5,091,622 |
9 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.7 | 7,933 | 84.88 k | 5,094,769 |
8 Oct 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 10.6 | 5,519 | 58.50 k | 5,102,702 |
News
Hagerty Renews Multi-Year Partnership With Agero To Continue Delivering Specialized Roadside Assistance To Driving Enthusiasts
10 Sep 24
Truist Securities Maintains Hold on Hagerty, Raises Price Target to $11
8 Aug 24
Hagerty Q2 2024 Adj. EPS $0.12 Misses $0.38 Estimate, Sales $313.225M Beat $307.185M Estimate
6 Aug 24
WIX Set to Report Q2 Earnings: Here's What You Should Know
5 Aug 24
Press releases
Broad Arrow's Inaugural Chattanooga Auction Totals $12.3M, Led by Porsche 911 SC RS "Evolutionsserie"
15 Oct 24
Complete Digital Catalog for Broad Arrow's Inaugural Chattanooga Auction Now Available
1 Oct 24
Broad Arrow Releases Video Featuring Incredibly Rare Porsche 911 SC RS Offered at Chattanooga Auction
24 Sep 24
Broad Arrow Brings Alan Mann Heritage Edition Ford GT and Unique Private Collections to Debut Chattanooga Auction
10 Sep 24
Hagerty Celebrates Car Culture in the Heart of Motor City with Return of RADwood Detroit and New 'Cars at the Station' Community Pre-Event
30 Aug 24