Hagerty, Inc.(HGTY) Stock Research - Grey Stern Research
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Hagerty, Inc. (HGTY) Stock Analysis

$11.71 (-1.35%)

HGTY Financial Performance


Use the table below to view Hagerty, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $11.71 -
52 Week Low $7.68 -
52 Week High $12.35 -
Market Cap $1.1 Billion 5/10
Gross Margin 85% 10/10
Profit Margin 5% 9/10
EBITDA margin 0% 9/10
Q3 - 2024 Revenue $323.4 Million 5/10
Q3 - 2024 Earnings $17.0 Million 6/10
Q3 - 2024 Free Cash Flow $62.0 Million 5/10
Trailing 4 Quarters Revenue $1.2 Billion 6/10
Trailing 4 Quarters Earnings $40.6 Million 6/10
Quarterly Earnings Growth -39% 9/10
Annual Earnings Growth 16% 7/10
Quarterly Revenue Growth 17% 2/10
Annual Revenue Growth 10% 4/10
Cash On Hand $323.4 Million 1/10
Short Term Debt $0 2/10
Long Term Debt $212.6 Million 5/10

Hagerty, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Hagerty, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 25.99 2/10
PS 0.91 7/10
PB 1.73 3/10
PC 3.26 10/10
Liabilities to Equity 8.16 1/10
ROA 0.02 2/10
ROE 0.27 1/10
Current Ratio 1.50 5/10
Quick Ratio 0.27 4/10
Long Term Debt to Equity 1.43 1/10
Debt to Equity 1.13 1/10
Burn Rate -38.23 10/10
Cash to Cap 0.31 1/10
CCR 3.66 5/10
EV to EBITDA -1.00 9/10
EV to Revenue -1.00 10/10

Company Details

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.

CEO:

Website: https://www.hagerty.com

Address: 121 Drivers Edge Traverse City, MI

Exchange: New York Stock Exchange

Industry: Insurance—Property & Casualty

Hagerty, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Hagerty, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Kemper Corporation KMPR $4.5 Billion
Selective Insurance Group, Inc. SIGI $6.0 Billion
Horace Mann Educators Corporation HMN $1.7 Billion
Donegal Group Inc. DGICA $551.4 Million
United Fire Group, Inc. UFCS $777.0 Million
Global Indemnity Group, LLC GBLI $499.6 Million
NI Holdings, Inc. NODK $333.1 Million
Donegal Group Inc. DGICB $544.3 Million
Selective Insurance Group, Inc. SIGIP $6.1 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
HGTY Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 323.4 Million $17.0 Million
Q2 2024 $ 311.3 Million $10.4 Million
Q1 2024 $ 265.6 Million -$1.4 Million
Q4 2023 $ 258.0 Million $14.6 Million
Q3 2023 $ 275.6 Million $27.8 Million
Q2 2023 $ 259.5 Million $2.4 Million
Q1 2023 $ 217.8 Million -$15.0 Million
Q4 2022 $ 201.0 Million -$32.2 Million

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HGTY Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $323.4 Million $1.8 Billion $167.7 Million $525.4 Million
Q2 2024 $315.5 Million $1.7 Billion $151.2 Million $535.3 Million
Q1 2024 $726.8 Million $1.6 Billion $147.2 Million $505.5 Million
Q4 2023 $724.3 Million $1.6 Billion $181.1 Million $493.3 Million
Q3 2023 $685.6 Million $1.6 Billion $127.8 Million $397.6 Million
Q2 2023 $114.3 Million $1.6 Billion $157.9 Million $67.4 Million
Q1 2023 $63.4 Million $1.3 Billion $167.9 Million $62.1 Million
Q4 2022 $95.2 Million $1.3 Billion $196.6 Million $59.3 Million

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HGTY Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $62.0 Million -$5.3 Million $7.9 Million
Q2 2024 $56.6 Million -$7.4 Million -$411.3 Million
Q1 2024 $53.7 Million -$4.5 Million $2.5 Million
Q4 2023 -$3.4 Million -$4.8 Million $38.7 Million
Q3 2023 $56.4 Million -$5.3 Million $53.2 Million
Q2 2023 $50.7 Million -$8.1 Million $125.0 Million
Q1 2023 $3.6 Million -$8.1 Million -$31.8 Million
Q4 2022 -$49.2 Million -$10.9 Million -$77.1 Million

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