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

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

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

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

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

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

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

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

Citizens JMP initiated coverage of Hagerty with a rating of Mkt Outperform and set a new price target of $15.00

BMO Capital Markets initiated coverage of Hagerty with a rating of Market Perform and set a new price target of $13.00

Oppenheimer initiated coverage of Hagerty with a rating of Outperform and set a new price target of $15.00

Keefe Bruyette initiated coverage of Hagerty with a rating of Outperform and set a new price target of $14.00

Raymond James downgraded Hagerty from Mkt Perform to Underperform

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)

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

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

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

Bicester, United Kingdon, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty company (NYSE:HGTY), presents its exceptional catalogue of collector cars for its first Zürich Auction, many of which have highly desirable Swiss provenance.  Broad Arrow is the official auction partner of the Auto Zürich motor show, taking place at Messe Zürich from 30 October - 2 November. On the grounds of the luxurious Dolder Grand Hotel, overlooking picturesque Lake Zürich, Broad Arrow will offer for sale more than 60 of the world's most collectable cars at its Zürich Auction on 1 November. The Broad Arrow Zürich Auction catalogue can be viewed here. Among these very special automobiles are

Bicester, United Kingdom, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty company (NYSE:HGTY), is celebrating the success of its spectacular inaugural Zoute Concours Auction on Friday 10 October. Held in collaboration with the famed Zoute Grand Prix Week, the auction room was packed with collectors and guests who enjoyed a vibrant atmosphere on the beautiful grounds of Approach Golf in Knokke-Heist.  Broad Arrow's first auction in Belgium featured some of the market's most sought-after classic and modern collector cars, many with captivating provenance and unique specifications. It attracted 445 registered bidders, 39 percent of which were from Belgium, Luxembourg and t

BICESTER, United Kingdom, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty company (NYSE:HGTY), is proud to present its exceptional catalogue of collector cars for the inaugural Zoute Concours Auction. The catalogue features over 75 highly desirable models from across motoring history, alongside a selection of sought-after memorabilia items, with latest entries led by supercars from The Aleggria Collection. This prestigious ensemble of automobiles is offered from a single private owner who has curated an exceptional group of best-of-category cars. The group is led by an incredibly original, low-mileage ‘non-cat, non-adjust' specification 1990 Ferrari F40, a rare Graphit

Grosse Pointe, MI, Sept. 17, 2025 (GLOBE NEWSWIRE) -- This is the car the world thought they'd never see for sale. SBX Cars, a Supercar Blondie Company, in collaboration with Broad Arrow, A Hagerty (NYSE:HGTY) Company, is proud to announce that the Bugatti La Voiture Noire, the one and only car of its kind, is officially available to buy. Unveiled at the Geneva Motor Show in 2019, this hypercar is literally one of one. Built to celebrate Bugatti's 110th anniversary, La Voiture Noire pays tribute to the legendary Bugatti Type 57 SC Atlantic — a car so rare and valuable that one of the originals vanished decades ago, becoming a "Holy Grail" in automotive history. Now, Bugatti has brought

BICESTER, United Kingdom, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, presents what is considered to be the last Lamborghini concept car to be built on a pure Lamborghini platform, the Pregunta. A truly unique piece of Lamborghini and performance car history, it will be offered for sale for the first time in over a decade at the Broad Arrow Zoute Concours Auction. This welcome addition to the international collector car auction calendar will take place on 10 October 2025 at Approach Golf in Knokke-Heist, in collaboration with Zoute Grand Prix Car Week, where the Pregunta will be a highlight among an impressive catalogue of over 75 highly collec

BICESTER, United Kingdom, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, is proud to present one of the greatest hypercars of recent years, the Aston Martin Valkyrie, at its upcoming inaugural Zoute Concours Auction. Personally commissioned and owned by Formula One superstar, Daniel Ricciardo, this Valkyrie is in pristine condition with genuine motorsport ownership provenance. Ricciardo's Valkyrie will be one of the highlights of the inaugural Broad Arrow Zoute Concours Auction on 10 October 2025, to be held in collaboration with Zoute Grand Prix Car Week. The auction will take place at the beautiful Approach Golf in Knokke-Heist and will feature

TRAVERSE CITY, Mich., Aug. 28, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced it will present at the KBW Insurance Conference at 1:35 p.m. ET on Thursday, September 4, 2025. Hagerty's Chief Executive Officer and Chairman McKeel Hagerty, and Chief Financial Officer Patrick McClymont will participate in a fireside chat covering a variety of topics. The live presentation will be available at:https://event.summitcast.com/view/K8Qj6Ho6wvLLfFK

Hagerty Safe Storage Concierge provides parking garage storage for classic and enthusiast vehicles TRAVERSE CITY, Mich., Aug. 26, 2025 /PRNewswire/ -- Hagerty members love their classic and enthusiast vehicles, but when severe weather threatens there is often not enough time to arrange for safe, secure parking before water, wind and debris do their damage. Hagerty, in partnership with Way, has launched Hagerty Safe Storage Concierge, which will provide five days of secure, enclosed storage above the estimated surge line during severe weather. There is no additional charge for

TRAVERSE CITY, Mich., Aug. 25, 2025 /PRNewswire/ -- Motorlux, a Hagerty event, once again delivered the iconic opening night for Monterey Car Week on Wednesday, August 13, welcoming a sold-out gathering of 4,250 to its curated installations of world-class cars, breathtaking aviation displays and unparalleled fine cuisine. Guests enjoyed more than 275 collector cars, 15 aviation displays and an elevated culinary experience all staged on the Monterey Jet Center tarmac. Highlights included: 3 Michelin Guide-recognized restaurants including Atelier Cren, Maligne and Coastal Kitche

LONDON, England, Aug. 12, 2025 (GLOBE NEWSWIRE) -- One of only 71 Jaguar D-Types producedRare example that has never been used in competitive motorsportMatching engine and chassis numbersMeticulously cared for by current Swiss owner for past three decadesHighly desirable Jaguar D-Type will be one of the highlights of Broad Arrow Zürich Auction in partnership with Auto Zürich on 1 NovemberD-Type estimated to bring CHF 5'250'000 - 6'250'000 Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, is proud to offer one of the most pristine examples of the iconic Jaguar D-Type at its inaugural Zürich Auction this November. One of only 71 produced, Chassis XKD 551 is a rare short-nose ver

TRAVERSE CITY, Mich., July 10, 2025 /PRNewswire/ -- Hagerty, Inc., (NYSE:HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Marc Burns as its new Senior Vice President of Brand and Marketing, effective July 14. In this newly created role, Burns' focus will lead the integration and elevation of Hagerty's brand experience across all member touchpoints.  He will be responsible for unifying brand and member engagement strategies, enhancing brand reputation, and delivering efficient, high-impact marketing initiatives as the company work

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.

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

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

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The Company increased its full year 2025 outlook for Total Revenue growth to 13-14%, Net Income growth of 43-53%, and Adjusted EBITDA growth of 30-38%Second quarter 2025 Total Revenue increased 18% year-over-year to $368.7 million, and year-to-date 2025 Total Revenue increased 18% to $688.3 millionSecond quarter 2025 Written Premium increased 11% year-over-year to $356.0 million, and year-to-date 2025 Written Premium increased 11% to $600.3 millionSecond quarter 2025 Marketplace revenue increased 327% year-over-year to $26.8 million, and year-to-date 2025 Marketplace revenue increased 232% to $55.8 millionSecond quarter 2025 Operating Income increased 25% year-over-year to $47.7 million, and

TRAVERSE CITY, Mich., July 21, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its second quarter 2025 financial results before the market opens on Monday, August 4, 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

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

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

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

TRAVERSE CITY, Mich., Feb. 18, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its fourth quarter 2024 financial results before the market opens on Tuesday, March 4, 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

Third quarter 2024 Total Revenue increased 17% year-over-year to $323.4 million, and year-to-date 2024 Total Revenue increased 20% year-over-year to $908.3 millionThird quarter 2024 Written Premium increased 13% year-over-year to $287.6 million, and year-to-date 2024 Written Premium increased 16% year-over-year to $827.1 millionThird quarter 2024 Marketplace revenue increased 66% year-over-year to $21.6 million, and year-to-date 2024 Marketplace revenue increased 54% year-over-year to $38.3 millionThird quarter 2024 Loss Ratio of 60.0% (includes $24.7 million of pre-tax catastrophe losses related to Hurricane Helene) compared to 41.1% in the prior year period. Year-to-date 2024 Loss Ratio of

TRAVERSE CITY, Mich., Oct. 24, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE:HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its third quarter 2024 financial results before the market opens on Thursday, November 7, 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)

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