• 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

    SEC Form SC 13G filed by Hagerty Inc.

    11/13/24 5:56:37 PM ET
    $HGTY
    Specialty Insurers
    Finance
    Get the next $HGTY alert in real time by email
    SC 13G 1 polar-hgty093024.htm



     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION
    Washington, DC 20549

     

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934

    (Amendment No. )*



    HAGERTY, INC.

    (Name of Issuer)

     

    Class A common stock, par value $0.0001 per share

    (Title of Class of Securities)

     

    405166109

    (CUSIP Number)

     

     

    September 30, 2024
    (Date of Event Which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    x Rule 13d-1(b)

    o Rule 13d-1(c)

    o Rule 13d-1(d)

     

     

    *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 the disclosures provided in a prior cover page.

     

    The information required in 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 (“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
     SCHEDULE 13G
    Page 2 of 8 Pages

     

             
    1
    NAME OF REPORTING PERSONS
     
    Polar Capital Holdings Plc
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) o
    (b) o
     
    3
    SEC USE ONLY
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    United Kingdom
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    5,002,477
    6
    SHARED VOTING POWER
     
    0
    7
    SOLE DISPOSITIVE POWER
     
    5,002,477
    8
    SHARED DISPOSITIVE POWER
     
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    5,002,477
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
     
    o
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    5.57%
    12
    TYPE OF REPORTING PERSON
     
    HC

     


     

    CUSIP No.  405166109
     SCHEDULE 13G
    Page 3 of 8 Pages

     

             
    1
    NAME OF REPORTING PERSONS
     
    Polar Capital LLP
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) o
    (b) o
     
    3
    SEC USE ONLY
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    United Kingdom
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    5,002,477
    6
    SHARED VOTING POWER
     
    0
    7
    SOLE DISPOSITIVE POWER
     
    5,002,477
    8
    SHARED DISPOSITIVE POWER
     
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    5,002,477
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
     
    o
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    5.57%
    12
    TYPE OF REPORTING PERSON
     
    IA

     


     

     

    CUSIP No. 405166109
     SCHEDULE 13G
    Page 4 of 8 Pages

     

    Item 1.(a) Name of Issuer

    HAGERTY, INC.

    Item 1.(b) Address of Issuer’s Principal Executive Offices

    121 Drivers Edge

    Traverse City, Michigan 49684

    Item 2.(a) Name of Person Filing:

     

    Polar Capital Holdings Plc

    Polar Capital LLP

     

    Item 2.(b,) Address of Principal Business Office:

     

    16 Palace Street

    London, SW1E 5JD

     

    Item 2.(c) Citizenship:

     

    United Kingdom

      

    Item 2.(d) Title of Class of Securities

    Class A common stock, par value $0.0001 per share (the “Shares”)

     

    Item 2.(e) CUSIP No.:

    405166109

     

    CUSIP No.  405166109
     SCHEDULE 13G
    Page 5 of 8 Pages

     

     

    Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

      (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
     
      (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
     
      (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
     
      (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
     
      (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
     
      (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
     
      (g) x A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
     
      (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
     
      (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
     
      (j) o A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
     
      (k) ¨ A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                            
           

     

    CUSIP No. 405166109
     SCHEDULE 13G
    Page 6 of 8 Pages

     

     

    Item 4. Ownership

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1:

    Polar Capital Holdings Plc

    (a) Amount beneficially owned: 5,002,477

    (b) Percent of class: 5.57%*

    (c) Number of shares as to which the person has:

    (i) Sole power to vote or to direct the vote: 5,002,477

    (ii) Shared power to vote or to direct the vote: 0

    (iii) Sole power to dispose or to direct the disposition of: 5,002,477

    (iv) Shared power to dispose or to direct the disposition of: 0

     

    Polar Capital LLP

    (a) Amount beneficially owned: 5,002,477

    (b) Percent of class: 5.57%*

    (c) Number of shares as to which the person has:

    (i) Sole power to vote or to direct the vote: 5,002,477

    (ii) Shared power to vote or to direct the vote: 0

    (iii) Sole power to dispose or to direct the disposition of: 5,002,477

    (iv) Shared power to dispose or to direct the disposition of: 0

     

    * Based on 89,811,069 shares outstanding as reported in the Issuer's Form 10-Q on August 6, 2024.

    Item 5. Ownership of Five Percent or Less of a Class

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

    Item 6. Ownership of More Than Five Percent on Behalf of Another Person

    Not Applicable.

    Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

    Information for each Subsidiary is incorporated on the respective cover pages.

    Item 8. Identification and Classification of Members of the Group

    Not Applicable.

    Item 9. Notice of Dissolution of Group 

    Not Applicable.

    Item 10. Certification

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     

     
    CUSIP No. 405166109
     SCHEDULE 13G
    Page 7 of 8 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.

     

    Dated: November 13, 2024

     

     

     

    POLAR CAPITAL HOLDINGS PLC

           
      By:  Nicholas Farren
       

    Name: Nicholas Farren

    Title: Chief Operating Officer 

           
     

    POLAR CAPITAL LLP

           
      By:  Nicholas Farren
       

    Name: Nicholas Farren

    Title: Chief Operating Officer 

           

     

     
    CUSIP No. 405166109
     SCHEDULE 13G
    Page 8 of 8 Pages

     

    Exhibit I

     

    JOINT FILING STATEMENT

     

    PURSUANT TO RULE 13d-1(k)

     

    The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

     

    Dated: November 13, 2024

     

     

     

    POLAR CAPITAL HOLDINGS PLC

           
      By:  Nicholas Farren
       

    Name: Nicholas Farren

    Title: Chief Operating Officer 

           
     

    POLAR CAPITAL LLP

           
      By:  Nicholas Farren
       

    Name: Nicholas Farren

    Title: Chief Operating Officer

           
    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
    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
    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
    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
    Financials

    Live finance-specific insights

    See more

    $HGTY
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    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
    • 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

    $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
    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