Hagerty (NYSE:HGTY) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Hagerty (NYSE:HGTY) announced its quarterly earnings data on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.09, Zacks reports. The business had revenue of $354.24 million for the quarter, compared to analysts’ expectations of $338.99 million. Hagerty had a return on equity of 5.15% and a net margin of 1.81%.

Hagerty Stock Up 8.4%

HGTY traded up $1.33 on Tuesday, reaching $17.22. The company’s stock had a trading volume of 79,527 shares, compared to its average volume of 226,778. The stock has a 50 day moving average of $14.18 and a two-hundred day moving average of $12.08. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 191.38 and a beta of 0.83. Hagerty has a fifty-two week low of $9.36 and a fifty-two week high of $17.04.

Hagerty News Roundup

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Raised 2026 outlook: Hagerty increased its full-year net income forecast to $48 million–$60 million and adjusted EBITDA guidance to $305 million–$315 million, signaling confidence in underlying operations. Year-to-date adjusted EBITDA rose 43% to $257 million and operating cash flow increased 48% to $280 million. Hagerty Reports Third Quarter 2026 Results; Increases 2026 Growth Outlook
• Positive Sentiment: Beat quarterly expectations: Third-quarter EPS was $0.10, versus the $0.01 consensus estimate, while revenue reached $354.24 million compared with expectations of $338.99 million. The earnings beat is a direct positive catalyst for investor sentiment. Hagerty Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Strong customer and insurance growth: Written premium increased 18% year over year to $1.099 billion, earned premium rose 42% to $757 million, and Hagerty added a record 402,000 members. Policies in force grew 18% to 1.9 million, supporting the company’s longer-term revenue opportunity. Hagerty Third-Quarter Results
• Positive Sentiment: Healthy collector-car auction activity: Broad Arrow’s Las Vegas auction generated a record $92.8 million in sales, highlighting strong demand in Hagerty’s enthusiast ecosystem and potentially supporting its auction and media businesses. Broad Arrow Las Vegas Auction Results
• Neutral Sentiment: The Hagerty Re combined ratio was 85.2%, including favorable revisions to estimated losses. While this indicates underwriting profitability, investors may assess how much of the improvement reflects reserve development versus sustainable operating performance.
• Negative Sentiment: Net income fell to $32 million from $121 million a year earlier, partly because the Markel fronting arrangement created $189 million in pretax transitional costs. EPS also declined from $0.13 a year ago, despite beating the current-quarter estimate. Hagerty Q3 Key Metrics
• Negative Sentiment: Valuation remains a risk: HGTY trades at a very high price-to-earnings ratio, and one valuation analysis estimates approximately 8% downside. That could limit further gains if growth or profitability fails to exceed elevated expectations. Hagerty Earnings Watch and GF Value Analysis

Analysts Set New Price Targets

Several brokerages have weighed in on HGTY. Truist Financial upped their price target on Hagerty from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Wells Fargo & Company lifted their price objective on Hagerty from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Zacks Research cut Hagerty from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Weiss Ratings raised Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hagerty from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.80.

Insiders Place Their Bets

In other Hagerty news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $11.47, for a total transaction of $15,914,625.00. Following the sale, the insider owned 9,250,000 shares of the company’s stock, valued at approximately $106,097,500. This trade represents a 13.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

About Hagerty

Hagerty, Inc is an automotive lifestyle and insurance company focused on enthusiasts and owners of classic, collector and specialty vehicles. The company provides insurance brokerage and related services designed for collector vehicles, with coverage generally underwritten by third-party insurance carriers.

In addition to insurance, Hagerty offers vehicle valuation and pricing information, membership programs, editorial content, events and enthusiast-focused digital services. Its offerings include Hagerty Drivers Club, Hagerty Valuations and Hagerty Marketplace, which connects buyers and sellers of collectible vehicles.