Financial Survey: Hagerty (HGTY) vs. Its Peers

Hagerty (NYSE:HGTYGet 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.

Profitability

This table compares Hagerty and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Hagerty -1.30% -28.67% -4.08%
Hagerty Competitors 4.85% 28.10% 3.29%

Institutional and Insider Ownership

19.8% of Hagerty shares are held by institutional investors. Comparatively, 55.5% of shares of all “Insurance agents, brokers, & service” companies are held by institutional investors. 17.6% of Hagerty shares are held by company insiders. Comparatively, 20.6% of shares of all “Insurance agents, brokers, & service” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

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.

Analyst Recommendations

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
Hagerty 0 1 0 0 2.00
Hagerty Competitors 143 934 1148 27 2.47

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.

Summary

Hagerty competitors beat Hagerty on 13 of the 13 factors compared.

About Hagerty

(Get Rating)

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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