• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13D/A filed by Hagerty Inc.

    7/8/24 4:30:30 PM ET
    $HGTY
    Specialty Insurers
    Finance
    Get the next $HGTY alert in real time by email
    SC 13D/A 1 ef20032165_sc13da.htm SC 13D/A
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
     
    SCHEDULE 13D
    Under the Securities Exchange Act of 1934
    (Amendment No. 2)*
     
    Hagerty, Inc.
    (Name of Issuer)
     
    Class A Common Stock, par value $0.0001 per share
    (Title of Class of Securities)
     
    405166109
    (CUSIP Number)

    Richard R. Grinnan
    Senior Vice President, Chief Legal Officer and Secretary
    Markel Group Inc.
    4521 Highwoods Parkway
    Glen Allen, VA 23060
    (804) 747-0136
    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
     
    July 3, 2024
    (Date of Event which Requires Filing of this Statement)
     
    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ☐
     
    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
     
    *
    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
     
    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



    CUSIP NO. 405166109
    Page 2 of 6 Pages
    1
    NAMES OF REPORTING PERSONS
     
     
    Markel Group Inc.
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☐
     
    (b)
    ☒
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    WC
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐
     
     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Virginia
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    79,380,265 (1), (2)
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    0
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    79,380,265 (1), (2)
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    0
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    79,380,265 (1), (2)
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐
     
     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    47.9% (3)
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO
     
     
     
     
    (1)
    Includes 75,000,000 shares of Class V Common Stock (as defined in the Original Schedule 13D) and an equal number of OpCo Units (as defined in the Original Schedule 13D), which are, together, exchangeable, at the option of the holder, on a one-for-one basis for a share of Class A Common Stock (as defined herein) or, if certain conditions set forth in the Amended and Restated Exchange Agreement (as defined in Amendment No. 1) are met, an equivalent value in cash at the option of the Company (as defined herein).
     
    (2)
    Includes 1,272,265 shares of Class A Common Stock that the Reporting Person has the right to acquire within 60 days as a result of the conversion mechanisms of the Series A Preferred Stock (as defined in Amendment No. 1), which are exchangeable, at the option of the Reporting Person, into shares of Class A Common Stock at the Conversion Rate (as defined in Amendment No. 1).
     
    (3)
    Percentage based on the sum of (i) 85,703,286 shares of Class A Common Stock outstanding as of May 15, 2024, based on the Registration Statement (as defined herein); (ii) 3,686,191 shares of Class A Common Stock estimated to be issued in exchange for 18,430,959 Exchange Warrants (as defined herein) at the Expiration Date (as defined herein) of the Exchange Offer (as defined herein); (iii) 75,000,000 shares of Class A Common Stock that could be issued upon conversion of Class V Common Stock and OpCo Units held by the Reporting Person; and (iv) 1,272,265 shares of Class A Common Stock that could be issued upon conversion of Series A Preferred Stock held by the Reporting Person, each of (iii) and (iv) of which have been added to the total shares of Class A Common Stock outstanding for purposes of calculating the Reporting Person’s beneficial ownership percentage in accordance with Rule 13d-3(d)(1)(i) under the Act.  Notwithstanding the percentage reported herein, based on the aggregate total of Class A Common Stock and Class V Common Stock outstanding, and the voting power assigned to each class, the Reporting Person controls approximately 28.9% of the voting power of the Company.


    CUSIP NO. 405166109
    Page 3 of 6 Pages
    Explanatory Note: Markel Group Inc. (f/k/a Markel Corporation), a Virginia corporation (“Markel Group” or the “Reporting Person”) is hereby filing this Amendment No. 2 (this “Amendment No. 2”) to the Schedule 13D filed by the Reporting Person on December 10, 2021 (the “Original Schedule 13D”), as amended by Amendment No. 1 filed by the Reporting Person on June 27, 2023 (“Amendment No. 1” and collectively, the “Schedule 13D”), relating to the Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”) of Hagerty, Inc., a Delaware corporation (the “Company”).  Capitalized terms used in this Amendment No. 2 and not otherwise defined herein have the meanings set forth in the Original Schedule 13D.  Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D.

    Item 2.
    Identity and Background.

    Item 2 of the Schedule 13D is hereby amended and supplemented as follows:

    (a-c)  The name, business address, present principal occupation or employment, and citizenship of each director and each executive officer of Markel Group, as well as the number of shares of Class A Common Stock beneficially owned by each person, as applicable, are set forth on Annex A hereto and are incorporated by reference herein.

    (d-e)  During the past five years, none of Markel Group or, to the best of its knowledge, any person listed on Annex A attached hereto, has (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was, or is, subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws.

    Item 3.
    Source and Amount of Funds or Other Consideration.

    Item 3 of the Schedule 13D is hereby amended and supplemented as follows:

    The response to Item 4 of this Amendment No. 2 is incorporated by reference herein.

    Item 4.
    Purpose of Transaction.

    Item 4 of the Schedule 13D is hereby amended and supplemented as follows:

    On June 3, 2024, pursuant to the registration statement on Form S-4 filed by the Company with the SEC on June 3, 2024 (the “Registration Statement”), the Company announced the commencement of an exchange offer (the “Exchange Offer”), pursuant to which the Company offered to all holders of its outstanding public warrants, private warrants, underwriter warrants, OTM warrants, and PIPE warrants (collectively, “Exchange Warrants”), including the Warrants held by the Reporting Person, the opportunity to receive 0.20 shares of Class A Common Stock in exchange for each outstanding Exchange Warrant tendered by the holder and exchanged pursuant to the Exchange Offer.

    Concurrently with the Exchange Offer, the Company solicited consents (the “Consent Solicitation”) from holders of the Exchange Warrants to amend both the IPO Warrant Agreement (as defined in the Exchange Offer) and the Business Combination Warrant Agreement (as defined in the Exchange Offer) to permit the Company to require that each Exchange Warrant that was outstanding upon the closing of the Exchange Offer be exchanged for 0.18 shares of Class A Common Stock per warrant, which is a ratio 10% less than the exchange ratio applicable to the Exchange Offer.  Pursuant to the terms of the IPO Warrant Agreement, all amendments except certain specified modifications or amendments required the vote or written consent of holders of both (i) at least 50% of the Public Warrants (as defined in the Exchange Offer) outstanding and (ii) at least 50% of the Private Placement Warrants (as defined in the Exchange Offer) outstanding.  Pursuant to the terms of the Business Combination Warrant Agreement, all amendments except certain specified modifications or amendments required the vote or written consent of holders of at least 50% of the PIPE Warrants (as defined in the Exchange Offer) outstanding.

    On June 3, 2024, the Reporting Person agreed to tender its Warrants in the Exchange Offer and consented to the amendment to the Business Combination Warrant Agreement pursuant to the Tender and Support Agreement, dated June 3, 2024, by and among the Company and holders of Warrants party thereto (the “Tender and Support Agreement”).  Holders of Exchange Warrants, including the Reporting Person, could have revoked their consent at any time prior to the Expiration Date (defined below) by withdrawing the Exchange Warrants tendered for exchange in the Exchange Offer.

    Prior to the expiration of the Exchange Offer at one minute after 11:59 p.m., Eastern Time, on July 2, 2024 (the “Expiration Date”), the amendments to the IPO Warrant Agreement and the Business Combination Warrant Agreement received the requisite consent from the applicable holders of Exchange Warrants. Accordingly, at the Expiration Date, the Reporting Person’s 540,000 Warrants were accepted by the Issuer for exchange and, pursuant to the terms of the Exchange Offer, 108,000 shares of Class A Common Stock will be delivered to the Reporting Person promptly following the Expiration Date.

    The foregoing description of the Tender and Support Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Tender and Support Agreement, a copy of which is filed as an exhibit to this Amendment No. 2 and is incorporated by reference herein.


    CUSIP NO. 405166109
    Page 4 of 6 Pages
    Item 5.
    Interest in Securities of the Issuer.

    Item 5(a)-(c) of the Schedule 13D is hereby amended and supplemented as follows:

    (a)-(b) As of the date of this Amendment No. 2, the Reporting Person may be deemed to be the beneficial owner of 79,380,265 shares of Class A Common Stock, or approximately 47.9% of the shares of Class A Common Stock outstanding.  The Reporting Person’s beneficial ownership is composed of (i) 75,000,000 shares of Class V Common Stock and an equal number of OpCo Units, which are, together, exchangeable, at the option of the holder, on a one-for-one basis for a share of Class A Common Stock or, if certain conditions set forth in the Amended and Restated Exchange Agreement are met, an equivalent value in cash at the option of the Company; (ii) 1,590,668 shares of Series A Preferred Stock, which are exchangeable, at the option of the Reporting Person, into 1,272,265 shares of Class A Common Stock at the Conversion Rate, which is subject to customary anti-dilution protections; and (iii) 3,108,000 shares of Class A Common Stock.

    Each share of Class V Common Stock has no incidents of economic ownership and has ten (10) votes per share until the earlier of (i) December 2, 2036, and (ii) transfer to a non-qualified transferee, after which it has one (1) vote per share.

    The Series A Preferred Stock votes together with the Class A Common Stock on an as-converted basis (one vote per share), and not as a separate class.

    The beneficial ownership percentage reported herein was calculated based on the sum of (i) 85,703,286 shares of Class A Common Stock outstanding as of May 15, 2024, based on the Registration Statement; (ii) 3,686,191 shares of Class A Common Stock estimated to be issued in exchange for 18,430,959 Exchange Warrants at the Expiration Date of the Exchange Offer; (iii) 75,000,000 shares of Class A Common Stock that could be issued upon conversion of Class V Common Stock and an equal number of OpCo Units held by the Reporting Person; and (iv) 1,272,265 shares of Class A Common Stock that could be issued upon conversion of Series A Preferred Stock held by the Reporting Person, each of (iii) and (iv) of which have been added to the total shares of Class A Common Stock outstanding for purposes of calculating the Reporting Person’s beneficial ownership percentage in accordance with Rule 13d-3(d)(1)(i) under the Act.  Notwithstanding the percentage reported herein, based on the aggregate total of Class A Common Stock and Class V Common Stock outstanding, and the voting power assigned to each class, the Reporting Person controls approximately 28.9% of the voting power of the Company.

    The board of directors of the Reporting Person may be deemed to collectively exercise voting and investment power over the shares of Class A Common Stock and other securities of the Company held by the Reporting Person.  Under the so-called “rule of three,” no individual member of the board of directors of the Reporting Person may be deemed to have such power over the shares of Class A Common Stock and other securities of the Company reported in this Schedule 13D.

    Pursuant to Rule 13d-4 under the Act, the Reporting Person expressly disclaims beneficial ownership of any other shares of Class A Common Stock or other securities of the Company, including those held by the other parties to the Securities Purchase Agreement, the Series A Registration Rights Agreement, and the Investor Rights Agreement, and nothing herein shall be deemed an admission by the Reporting Person as to the beneficial ownership of such shares of Class A Common Stock or other securities.

    (c) The response to Item 4 of this Amendment No. 2 is incorporated by reference herein.

    Item 6.
    Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

    Item 6 of the Schedule 13D is hereby amended and supplemented as follows:

    The response to Item 4 of this Amendment No. 2 is incorporated by reference herein.

    Item 7.
    Material to Be Filed as Exhibits.

    Item 7 of the Schedule 13D is hereby amended and supplemented as follows:

    Exhibit 99.12    Tender and Support Agreement, dated June 3, 2024 (incorporated by reference to Exhibit 10.37 of the Company’s Registration Statement on Form S-4 filed with the SEC on June 3, 2024)


    CUSIP NO. 405166109
    Page 5 of 6 Pages
    SIGNATURE
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.
     
    July 8, 2024
       
          
     
    MARKEL GROUP INC.
         
     
    By:
    /s/ Richard R. Grinnan
     
    Name:
    Richard R. Grinnan
     
    Title:
    Senior Vice President, Chief Legal Officer and Secretary


    CUSIP NO. 405166109
    Page 6 of 6 Pages
    Annex A

    DIRECTORS AND EXECUTIVE OFFICERS OF MARKEL GROUP INC.

    The following table sets forth the name, present principal occupation or employment, and citizenship of each director and executive officer of Markel Group Inc., as well as the number of shares of Class A Common Stock beneficially owned by such person, as applicable, as of July 8, 2024.  The business address of each person listed below is c/o Markel Group Inc., 4521 Highwoods Parkway, Glen Allen, Virginia 23060-6148.

    DIRECTORS OF MARKEL GROUP INC.

    Name

     
    Present Occupation
     
    Citizenship
     
     
    Steven A. Markel

    Chairman of the Board, Markel Group Inc.
     
    United States
     
         
    Mark M. Besca
     
    Retired
     
    United States
     
         
    Lawrence A. Cunningham

    Consultant and Writer
     
    United States
     
         
    Thomas S. Gayner
     
    Chief Executive Officer, Markel Group Inc.
     
    United States
     
         
    Greta J. Harris
     
    President and Chief Executive Officer, Better Housing Coalition
     
    United States
             
    Morgan E. Housel
     
    Partner, The Collaborative Fund
     
    United States
     
     
    Diane Leopold
     
    Executive Vice President and Chief Operating Officer, Dominion Energy
     
    United States
             
    Anthony F. Markel
     
    Retired Vice Chairman, President and Chief Operating Officer, Markel Group Inc.
     
    United States
         
    Harold L. Morrison, Jr.
     
    Retired
     
    United States
             
    Michael O’Reilly
     
    Retired
     
    United States
             
    A. Lynne Puckett
     
    Retired
     
    United States

    EXECUTIVE OFFICERS OF MARKEL GROUP INC.
     
    Name
     
    Present Occupation
     
    Citizenship
         
    Thomas S. Gayner
     
    Chief Executive Officer, Markel Group Inc.
     
    United States
             
    Michael R. Heaton
     
    Executive Vice President and Chief Operating Officer, Markel Group Inc.
     
    United States
             
    Jeremy A. Noble1
     
    President, Insurance, Markel Group Inc.
     
    United States
         
    Richard R. Grinnan
     
    Senior Vice President, Chief Legal Officer and Secretary, Markel Group Inc.
     
    United States
             
    Andrew G. Crowley
     
    President, Markel Ventures, Markel Group Inc.
     
    United States
         
    Brian J. Costanzo
     
    Chief Financial Officer, Markel Group Inc.
     
    United States


    1.
    Jeremy A. Noble owns 300 shares of Class A Common Stock.
     


    Get the next $HGTY alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $HGTY

    DatePrice TargetRatingAnalyst
    12/26/2024Mkt Perform → Underperform
    Raymond James
    1/11/2024$9.00Neutral
    JP Morgan
    6/16/2023$11.00Hold
    Truist
    10/20/2022Mkt Perform
    Raymond James
    More analyst ratings

    $HGTY
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Hagerty Reports First Quarter 2025 Results; Reaffirms 2025 Outlook for Revenue and Profit Growth

      First quarter 2025 Total Revenue increased 18% year-over-year to $319.6 millionFirst quarter 2025 Written Premium increased 12% year-over-year to $244.3 millionFirst quarter 2025 Marketplace revenue increased 176% year-over-year to $29.0 millionFirst quarter 2025 Operating Income increased 110% year-over-year to $25.7 millionFirst quarter 2025 Operating Income margin increased by 360 bps compared to the prior year periodFirst quarter 2025 Net Income increased 233% year-over-year to $27.3 millionFirst quarter 2025 Adjusted EBITDA increased 45% year-over-year to $39.6 millionReaffirmed 2025 Outlook for 12-13% Total Revenue growth, 30-40% Net Income growth and 21-29% Adjusted EBITDA growthTRAVE

      5/7/25 7:00:00 AM ET
      $HGTY
      Specialty Insurers
      Finance
    • BROAD ARROW PRESENTS SOME OF THE FINEST PRE- AND POST-WAR COLLECTOR CARS AT INAUGURAL CONCORSO D'ELEGANZA VILLA D'ESTE AUCTION

      LONDON, England, May 06, 2025 (GLOBE NEWSWIRE) -- Broad Arrow's featured auction offerings include incredibly evocative 1938 Talbot-Lago T150 C Lago Spéciale Teardrop Coupé by Figoni and Falaschi, alongside the sole-surviving 1949 Talbot-Lago T26 Grand Sport Coupe by Dubos FrèresAuction also presents first-ever public sale of the most original early Ferrari available, the 1948 Ferrari 166 Spyder Corsa by AnsaloniAdditional classic racing highlights include the prestigious 1936 Maserati 6CM Factory Works, eligible for the Monaco Historic Grand PrixFurther highlights include a Pebble Beach class-winning 1939 Lagonda V12 Rapide James Young Drophead Coupé, a Classiche Certified 1965 Ferrari

      5/6/25 12:55:00 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • BROAD ARROW ADDS FERRARI F40 "COMPETIZIONE" AND PAGANI HUAYRA R TO ITS BEST-OF-CATEGORY CONCORSO D'ELEGANZA VILLA D'ESTE AUCTION LINEUP

      LONDON, England, April 30, 2025 (GLOBE NEWSWIRE) -- Broad Arrow is proud to present an unrivalled collection of some of the world's rarest and most collectible automobiles for auction in ItalyIconic supercar models include a 1989 Ferrari F40 Competizione, a 2022 Pagani Huayra R and a Guards Red 2006 Porsche Carrera GTBMW models from across the marque's history, including the beautiful 507 Roadster and a selection of revered M models, lead the Saturday evening BMW-only saleMercedes is represented by an iconic 300 SL ‘Gullwing', 300 SL Roadster and a CLK DTM AMG CabrioletBroad Arrow Concorso d'Eleganza Villa d'Este Auction takes place 24-25 May at Villa Erba in partnership with BMW AGThe

      4/30/25 4:05:00 AM ET
      $HGTY
      Specialty Insurers
      Finance

    $HGTY
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Kauffman Robert I sold $35,279 worth of shares (3,908 units at $9.03) (SEC Form 4)

      4 - Hagerty, Inc. (0001840776) (Issuer)

      5/6/25 4:59:48 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • Director Kauffman Robert I sold $84,793 worth of shares (9,328 units at $9.09) (SEC Form 4)

      4 - Hagerty, Inc. (0001840776) (Issuer)

      4/28/25 4:17:14 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • Director Harris Laurie sold $33,085 worth of shares (3,934 units at $8.41), decreasing direct ownership by 11% to 30,349 units (SEC Form 4)

      4 - Hagerty, Inc. (0001840776) (Issuer)

      4/7/25 4:23:24 PM ET
      $HGTY
      Specialty Insurers
      Finance

    $HGTY
    SEC Filings

    See more
    • SEC Form 144 filed by Hagerty Inc.

      144 - Hagerty, Inc. (0001840776) (Subject)

      5/8/25 4:27:38 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • SEC Form 144 filed by Hagerty Inc.

      144 - Hagerty, Inc. (0001840776) (Subject)

      5/7/25 4:14:43 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • SEC Form 10-Q filed by Hagerty Inc.

      10-Q - Hagerty, Inc. (0001840776) (Filer)

      5/7/25 10:49:46 AM ET
      $HGTY
      Specialty Insurers
      Finance

    $HGTY
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Kuczinski Anthony J bought $19,190 worth of shares (2,000 units at $9.59), increasing direct ownership by 24% to 10,449 units (SEC Form 4)

      4 - Hagerty, Inc. (0001840776) (Issuer)

      3/12/25 4:43:19 PM ET
      $HGTY
      Specialty Insurers
      Finance

    $HGTY
    Financials

    Live finance-specific insights

    See more
    • Hagerty Reports First Quarter 2025 Results; Reaffirms 2025 Outlook for Revenue and Profit Growth

      First quarter 2025 Total Revenue increased 18% year-over-year to $319.6 millionFirst quarter 2025 Written Premium increased 12% year-over-year to $244.3 millionFirst quarter 2025 Marketplace revenue increased 176% year-over-year to $29.0 millionFirst quarter 2025 Operating Income increased 110% year-over-year to $25.7 millionFirst quarter 2025 Operating Income margin increased by 360 bps compared to the prior year periodFirst quarter 2025 Net Income increased 233% year-over-year to $27.3 millionFirst quarter 2025 Adjusted EBITDA increased 45% year-over-year to $39.6 millionReaffirmed 2025 Outlook for 12-13% Total Revenue growth, 30-40% Net Income growth and 21-29% Adjusted EBITDA growthTRAVE

      5/7/25 7:00:00 AM ET
      $HGTY
      Specialty Insurers
      Finance
    • Hagerty to Report First Quarter 2025 Results and Host Conference Call on Wednesday, May 7, 2025

      TRAVERSE CITY, Mich., April 23, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its first quarter 2025 financial results before the market opens on Wednesday, May 7, 2025. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty's investor relations website at investor.hagerty.com. The dial-in for the conference call is (877) 423-9813 (toll-free) or

      4/23/25 4:15:00 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • Hagerty Reports Full Year 2024 Results; Provides 2025 Outlook for Revenue and Profit Growth

      Full year 2024 Total Revenue increased 20% year-over-year to $1.200 billionFull year 2024 Written Premium increased 15% year-over-year to $1.044 billionAdded a record 279,000 new members in 2024Full year 2024 Marketplace revenue increased 90% year-over-year to $54.3 millionFull year 2024 Operating Income increased 538% year-over-year to $66.4 millionFull year 2024 Net Income increased 178% year-over-year to $78.3 millionFull year 2024 Adjusted EBITDA increased 41% year-over-year to $124.5 million2025 outlook for Total Revenue growth of 12-13% on Written Premium gains of 13-14%Margin expansion due to continued efficiency gains should result in Net Income growth of 30-40% and Adjusted EBITDA g

      3/4/25 7:00:00 AM ET
      $HGTY
      Specialty Insurers
      Finance

    $HGTY
    Leadership Updates

    Live Leadership Updates

    See more
    • The Amelia Winners: 1938 Alfa Romeo 8C 2900 and 1967 Lotus 49 Earn Best of Show Accolades as Enthusiasts Celebrate Speed and Elegance

      The Amelia's 30th Annual Celebration Saw a Weekend of Fine Dining, Driving Experiences, Live Auctions, and the Amelia Concours D'Elegance—Showcasing Hundreds of Exquisite Vehicles from Around the World AMELIA ISLAND, Fla., March 12, 2025 /PRNewswire/ -- Among a distinguished field of more than 240 historically significant automobiles, spanning 35 classes, a 1938 Alfa Romeo 8C 2900 claimed the prestigious title of Best of Show, Concours d'Elegance, while a 1967 Lotus 49 was honored as Best of Show, Concours de Sport at the 30th Amelia Concours d'Elegance. Event press releases, concours results, photos and the event program can be found here.

      3/12/25 2:59:00 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • BROAD ARROW WELCOMES RENOWNED CAR SPECIALISTS TO EUROPEAN TEAM

      London, United Kingdom, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Broad Arrow, a Hagerty (NYSE:HGTY) company, is delighted to announce the expansion of its European and UK-based teams with the addition of renowned car specialists along with seasoned industry veterans focused on operations, client development, and marketing. Growing the company's specialist footprint throughout Continental Europe are Philip Kantor (based in Belgium), Gregory Tuytens (Belgium), Paul Gaucher (France), Daniele Turrisi (Italy), and Jean-Louis Baldanza (France), each well-regarded and highly experienced in the collector car industry. Furthermore, Valérie Simonet (France), Ryan Cigana (UK), and Simon Drake (UK) will join

      1/30/25 9:01:00 AM ET
      $HGTY
      Specialty Insurers
      Finance
    • Hagerty Appoints Jeff Briglia as President of Insurance

      TRAVERSE CITY, Mich., May 31, 2024 /PRNewswire/ -- Hagerty (NYSE:HGTY) announced today that Jeff Briglia has been named Hagerty's new President of Insurance, effective July 1, 2024, to lead all aspects of the company's insurance operations. "I am pleased to welcome Jeff to the Hagerty team as we continue to position the company for sustained profit growth," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty. "Jeff has a proven track record of strategic change management across a variety of business areas, including product, claims, distribution, marketing, sa

      5/31/24 9:00:00 AM ET
      $HGTY
      Specialty Insurers
      Finance

    $HGTY
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Hagerty downgraded by Raymond James

      Raymond James downgraded Hagerty from Mkt Perform to Underperform

      12/26/24 7:12:04 AM ET
      $HGTY
      Specialty Insurers
      Finance
    • JP Morgan initiated coverage on Hagerty with a new price target

      JP Morgan initiated coverage of Hagerty with a rating of Neutral and set a new price target of $9.00

      1/11/24 6:53:21 AM ET
      $HGTY
      Specialty Insurers
      Finance
    • Truist initiated coverage on Hagerty with a new price target

      Truist initiated coverage of Hagerty with a rating of Hold and set a new price target of $11.00

      6/16/23 7:39:16 AM ET
      $HGTY
      Specialty Insurers
      Finance

    $HGTY
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Hagerty Inc.

      SC 13G - Hagerty, Inc. (0001840776) (Subject)

      11/13/24 5:56:37 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • Amendment: SEC Form SC 13D/A filed by Hagerty Inc.

      SC 13D/A - Hagerty, Inc. (0001840776) (Subject)

      7/10/24 4:06:27 PM ET
      $HGTY
      Specialty Insurers
      Finance
    • Amendment: SEC Form SC 13D/A filed by Hagerty Inc.

      SC 13D/A - Hagerty, Inc. (0001840776) (Subject)

      7/8/24 4:30:30 PM ET
      $HGTY
      Specialty Insurers
      Finance