hagerty was built by people who love cars. we began as a niche insurance agency offering coverage for collector cars. we’re now a global automotive enthusiast brand and the world’s largest membership organization for car lovers. it's all driven by our love for cars.our purpose is saving driving. we exist to fuel car culture and ultimately save driving for future generations. our mission is building a global business to fund our purpose, create a space where team members thrive; and drive positive impact throughout the world.driving is who we are. hagerty offers integrated membership products and programs with unique experiences that bring together automotive enthusiasts across the globe. we connect people who love cars through our hagerty drivers club (620,000+ members), entertainment and events such as the greenwich concours d’elegance, the concours d’elegance of america, and the california mille, as well as valuation capabilities, driveshare, media, and garage + social.hagerty is alw
Company profile
Ticker
HGTY
Exchange
Website
CEO
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)
10-K
2023 FY
Annual report
12 Mar 24
8-K
Results of Operations and Financial Condition
12 Mar 24
8-K
Departure of Directors or Certain Officers
1 Mar 24
8-K
2 Forward Looking Statements / Non-GAAP Financial Measures
12 Feb 24
8-K
Entry into a Material Definitive Agreement
22 Dec 23
8-K
Entry into a Material Definitive Agreement
1 Dec 23
10-Q
2023 Q3
Quarterly report
8 Nov 23
8-K
Results of Operations and Financial Condition
8 Nov 23
EFFECT
Notice of effectiveness
1 Sep 23
424B3
Prospectus supplement
31 Aug 23
Transcripts
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 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
HGTY
Earnings call transcript
2022 Q1
10 May 22
HGTY
Earnings call transcript
2021 Q4
25 Mar 22
Latest ownership filings
144
Notice of proposed sale of securities
27 Mar 24
144
Notice of proposed sale of securities
26 Mar 24
4
ROBERT I KAUFFMAN
25 Mar 24
144
Notice of proposed sale of securities
25 Mar 24
144
Notice of proposed sale of securities
21 Mar 24
144
Notice of proposed sale of securities
14 Mar 24
4
ROBERT I KAUFFMAN
14 Mar 24
144
Notice of proposed sale of securities
13 Mar 24
144
Notice of proposed sale of securities
12 Mar 24
4
ROBERT I KAUFFMAN
11 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
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) | 685.58 mm | 685.58 mm | 685.58 mm | 685.58 mm | 685.58 mm | 685.58 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 1.57 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | 9.39 mm | n/a | n/a |
Cash remaining | n/a | n/a | n/a | 676.19 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | n/a | 430.6 | n/a | n/a |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 75 |
Opened positions | 13 |
Closed positions | 6 |
Increased positions | 20 |
Reduced positions | 20 |
13F shares | Current |
---|---|
Total value | 560.55 bn |
Total shares | 245.73 mm |
Total puts | 1.00 k |
Total calls | 4.30 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Hagerty Holding | 176.03 mm | $0.00 |
State Farm Mutual Automobile Insurance | 50.00 mm | $408.50 bn |
Polar Capital | 4.58 mm | $37.43 bn |
Neuberger Berman | 3.40 mm | $27.77 bn |
MKL Markel | 3.00 mm | $24.51 bn |
Vanguard | 2.02 mm | $16.54 bn |
Greenhaven Road Investment Management | 1.02 mm | $83.47 mm |
Working Capital Advisors | 985.24 k | $8.05 bn |
Fenimore Asset Management | 937.69 k | $7.66 bn |
Royce & Associates | 475.00 k | $3.88 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Mar 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 9 | 318 | 2.86 k | 3,453,872 |
21 Mar 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 9 | 250 | 2.25 k | 3,454,190 |
14 Mar 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 9 | 1,617 | 14.55 k | 3,454,440 |
13 Mar 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 9 | 5,729 | 51.56 k | 3,456,057 |
12 Mar 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 9 | 2,529 | 22.76 k | 3,461,786 |
11 Mar 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 9 | 8,224 | 74.02 k | 3,464,315 |
8 Mar 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 9 | 11,711 | 105.40 k | 3,472,539 |
7 Mar 24 | Robert I Kauffman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 9 | 15,750 | 141.75 k | 3,484,250 |
3 Oct 23 | Patrick McClymont | Class A Common Stock | Payment of exercise | Dispose F | No | No | 7.98 | 5,488 | 43.79 k | 167,119 |
3 Oct 23 | Paul Rehrig | Class A Common Stock | Grant | Acquire A | No | No | 7.73 | 2,101 | 16.24 k | 165,639 |
Press releases
Broad Arrow Announces Continued Expansion into the UK and EU with the Addition of Five New Team Members, including Veteran Car Specialists Joe Twyman and Robert Glover
21 Mar 24
Hagerty Reports 2023 Results; Expects Strong Growth and Margin Expansion to Continue in 2024
12 Mar 24
Broad Arrow Fires on All Cylinders at The Amelia with Total Sales Exceeding $63M with a 92% Sell-Through Rate
4 Mar 24
1962 Ferrari 250 GTO and 1947 Delahaye 135MS Narval Cabriolet Named Best in Show at The Amelia
4 Mar 24
Hagerty to Report Fourth Quarter 2023 Results and Host Conference Call on Tuesday, March 12, 2024
27 Feb 24