Hagerty (NYSE:HGTY – Get Rating) is one of 35 publicly-traded companies in the “Insurance agents, brokers, & service” industry, but how does it contrast to its competitors? We will compare Hagerty to related companies based on the strength of its dividends, analyst recommendations, valuation, risk, profitability, earnings and institutional ownership.
Volatility & Risk
Hagerty has a beta of 0.61, meaning that its share price is 39% less volatile than the S&P 500. Comparatively, Hagerty’s competitors have a beta of 1.60, meaning that their average share price is 60% more volatile than the S&P 500.
This table compares Hagerty and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Institutional and Insider Ownership
Valuation and Earnings
This table compares Hagerty and its competitors gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Hagerty||$619.08 million||-$46.36 million||-15.09|
|Hagerty Competitors||$9.40 billion||$793.06 million||162.54|
Hagerty’s competitors have higher revenue and earnings than Hagerty. Hagerty is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of current ratings and target prices for Hagerty and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
As a group, “Insurance agents, brokers, & service” companies have a potential upside of 25.25%. Given Hagerty’s competitors stronger consensus rating and higher probable upside, analysts plainly believe Hagerty has less favorable growth aspects than its competitors.
Hagerty competitors beat Hagerty on 13 of the 13 factors compared.
Hagerty, Inc. provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events. In addition, it offers DriveShare, a peer-to-peer rental platform for collector and cool vehicles; Motorsport Reg, a motorsport membership, licensing, and event online management system that automates event listings, registration, and payment processing for various motorsport events; and Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. The company is headquartered in Traverse City, Michigan.
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