Date | Price Target | Rating | Analyst |
---|---|---|---|
1/11/2024 | $9.00 | Neutral | JP Morgan |
6/16/2023 | $11.00 | Hold | Truist |
10/20/2022 | Mkt Perform | Raymond James |
144 - Hagerty, Inc. (0001840776) (Subject)
144 - Hagerty, Inc. (0001840776) (Subject)
144 - Hagerty, Inc. (0001840776) (Subject)
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
TRAVERSE CITY, Mich., Jan. 18, 2024 /PRNewswire/ -- Hagerty, Inc., (NYSE:HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Arjun H. Chowdri as its new Senior Vice President of Membership and Retention. Arjun will lead the company's global membership programs, including the Hagerty Driver's Club, the world's largest paid car club with more than 800,000 members. Additionally, Arjun will lead Hagerty's Garage and Social business, a portfolio of five premium car storage and clubhouse locations across the US and Canada. Prior to joining Hagerty, Arjun was Chief Administrative and Innovation Officer for the PGA of America.
TRAVERSE CITY, Mich., Dec. 4, 2023 /PRNewswire/ -- Hagerty, Inc., (NYSE:HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Gary Chard as its new Senior Vice President of Marketplace Operations. Chard will join the senior leadership team of Marketplace, Hagerty's growing business to support members and enthusiasts who are buying and selling collector cars. He will oversee all aspects of Marketplace operations, including live and digital auctions, private sales, financing and classifieds. "Gary is an industry pro who will help us tak
JP Morgan initiated coverage of Hagerty with a rating of Neutral and set a new price target of $9.00
Truist initiated coverage of Hagerty with a rating of Hold and set a new price target of $11.00
Raymond James initiated coverage of Hagerty with a rating of Mkt Perform
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
4 - Hagerty, Inc. (0001840776) (Issuer)
Grosse Pointe, Michigan, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Broad Arrow Auctions is delighted to announce additional featured consignments for its inaugural Chattanooga Auction, set for October 12 in partnership with the 2024 Chattanooga Motorcar Festival. Recent consignments for the single-day sale are perfectly matched to the Festival's appeal to both the vintage car collector and racing enthusiast. They are led by a rare 2022 Ford GT Alan Mann Heritage Edition (Est. $1,200,000 - $1,500,000). One of only 30 special edition examples paying tribute to Alan Mann Racing's lightweight 1966 Ford GT experimental race cars, the GT represents an unrepeatable opportunity to acquire Ford's 21st-c
Renewed partnership enables Hagerty to continue bringing unmatched customer-focused experiences to Drivers Club members Agero, the leading white-label provider of digital driver assistance services and software for the majority of automotive and auto insurance companies, today announced it has renewed its multi-year partnership with Hagerty (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider. With this agreement, Agero will continue providing unparalleled roadside assistance services to Hagerty clients and Hagerty Drivers Club members across the U.S. "For our more than 770,500 U.S. members, cars are more than just a mode of transportation; they r
TRAVERSE CITY, Mich., Aug. 30, 2024 /PRNewswire/ -- Hagerty is thrilled to announce the return of an expanded, festival experience at RADwood Detroit – the ultimate '80s and '90s car and music festival – set against the backdrop of the iconic city of Detroit on Saturday, September 14 (11:30 a.m. – 4:00 p.m.) in Hart Plaza. Mobil 1 Totally RAD LiveRADwood, the original automotive lifestyle event celebrating the '80s and '90s, blends period correct dress with the automotive awesomeness of cars, trucks and bikes from 1980-1999. Attendees wear their best '80s and '90s clothing and bring f
JP Morgan analyst Pablo Singzon maintains Hagerty (NYSE:HGTY) with a Neutral and raises the price target from $9.5 to $11.
As of June 10, 2024, five stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. UP Fintech Holding Ltd (NASDAQ:TIGR) On June 5, UP Fintech Holding reported a year-over-year i
SC 13D/A - Hagerty, Inc. (0001840776) (Subject)
SC 13D/A - Hagerty, Inc. (0001840776) (Subject)
SC 13D/A - Hagerty, Inc. (0001840776) (Subject)
Increases 2024 Outlook for Revenue and Profit Growth Second quarter 2024 Total Revenue increased 20% year-over-year to $313.2 million, and year-to-date 2024 Total Revenue increased 22% year-over-year to $584.9 millionSecond quarter 2024 Written Premium increased 16% year-over-year to $321.2 million, and year-to-date 2024 Written Premium increased 18% year-over-year to $539.5 millionSecond quarter 2024 Operating Income margin expanded by 560 bps compared to the prior year period, and year-to-date 2024 Operating Income margin expanded by 840 bps compared to the prior year periodSecond quarter 2024 Net Income of $42.7 million, an increase of $27.1 million compared to the prior year period, and
TRAVERSE CITY, Mich., July 23, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its second quarter 2024 financial results before the market opens on Tuesday, August 6, 2024. 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
First quarter 2024 Total Revenue increased 24% year-over-year to $271.7 millionFirst quarter 2024 Written Premium increased 19% year-over-year to $218.3 millionFirst quarter 2024 Operating Income margin expanded by 1,210 bps compared to the prior year periodFirst quarter 2024 Net Income of $8.2 million, an increase of $23.2 million compared to the prior year periodFirst quarter 2024 Adjusted EBITDA (a non-GAAP measure) of $27.3 million, an increase of $20.6 million compared to the prior year periodDelivered Policies in Force Retention of 88.7% and achieved insurance Net Promoter Score of 82Reaffirmed 2024 Outlook for 15-17% Total Revenue growth, 116-148% Net Income growth and 41-53% Adjusted