Hagerty (NYSE:HGTY – Get Rating) is one of 35 public companies in the “Insurance agents, brokers, & service” industry, but how does it compare to its peers? We will compare Hagerty to similar companies based on the strength of its analyst recommendations, institutional ownership, risk, profitability, dividends, earnings and valuation.
Risk and Volatility
Hagerty has a beta of 0.61, suggesting that its share price is 39% less volatile than the S&P 500. Comparatively, Hagerty’s peers have a beta of 1.60, suggesting that their average share price is 60% more volatile than the S&P 500.
This table compares Hagerty and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
As a group, “Insurance agents, brokers, & service” companies have a potential upside of 25.20%. Given Hagerty’s peers stronger consensus rating and higher possible upside, analysts clearly believe Hagerty has less favorable growth aspects than its peers.
Valuation & Earnings
This table compares Hagerty and its peers top-line 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 peers have higher revenue and earnings than Hagerty. Hagerty is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Insider and Institutional 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 insiders. Comparatively, 20.6% of shares of all “Insurance agents, brokers, & service” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Hagerty peers beat Hagerty on 13 of the 13 factors compared.
Hagerty Company Profile
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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