JPMorgan Chase & Co. Raises Hagerty (NYSE:HGTY) Price Target to $13.00

Hagerty (NYSE:HGTY) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $12.00 to $13.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 1.44% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Oppenheimer began coverage on shares of Hagerty in a research report on Wednesday, September 17th. They issued an “outperform” rating and a $15.00 price objective on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Hagerty from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. JMP Securities initiated coverage on shares of Hagerty in a research report on Wednesday, October 1st. They issued a “market outperform” rating and a $15.00 target price for the company. Citizens Jmp assumed coverage on Hagerty in a research report on Wednesday, October 1st. They set a “mkt outperform” rating and a $15.00 price target on the stock. Finally, Citigroup assumed coverage on Hagerty in a research note on Wednesday, October 1st. They set an “outperform” rating for the company. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.13.

Hagerty Stock Up 0.8%

HGTY opened at $13.19 on Wednesday. The firm has a market capitalization of $4.51 billion, a P/E ratio of 47.11 and a beta of 0.89. Hagerty has a one year low of $8.03 and a one year high of $14.00. The company has a fifty day moving average price of $12.98 and a 200-day moving average price of $11.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.00 and a quick ratio of 1.00.

Hagerty (NYSE:HGTY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $359.01 million during the quarter, compared to analyst estimates of $354.36 million. Hagerty had a return on equity of 16.85% and a net margin of 5.85%. Equities research analysts expect that Hagerty will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at Hagerty

In related news, Director Robert I. Kauffman sold 55,524 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $12.16, for a total transaction of $675,171.84. Following the transaction, the director directly owned 1,023,525 shares in the company, valued at $12,446,064. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Ahn sold 164,870 shares of Hagerty stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $12.79, for a total value of $2,108,687.30. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 380,952 shares of company stock worth $4,666,171 over the last ninety days. Insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc purchased a new stake in Hagerty in the 2nd quarter worth approximately $30,000. Osaic Holdings Inc. raised its holdings in shares of Hagerty by 2,374.5% during the second quarter. Osaic Holdings Inc. now owns 4,949 shares of the company’s stock valued at $50,000 after acquiring an additional 4,749 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Hagerty by 165.3% in the third quarter. BNP Paribas Financial Markets now owns 5,131 shares of the company’s stock worth $62,000 after acquiring an additional 3,197 shares during the period. Bank of America Corp DE boosted its holdings in Hagerty by 46.6% in the second quarter. Bank of America Corp DE now owns 8,571 shares of the company’s stock valued at $87,000 after acquiring an additional 2,726 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in Hagerty by 228.1% in the second quarter. KLP Kapitalforvaltning AS now owns 10,500 shares of the company’s stock valued at $106,000 after acquiring an additional 7,300 shares in the last quarter. Institutional investors own 20.51% of the company’s stock.

Hagerty News Summary

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Company/market outlook — Hagerty says the classic-car market still has “serious momentum” heading into 2026, supporting recurring demand for its insurance and marketplace services and providing a fundamental tailwind for revenue and valuation services. Read More.
• Positive Sentiment: High-end auctions signal demand — A Michael Schumacher F1 car will be offered in a major January sale, illustrating continued price discovery and collector interest that can drive Hagerty’s valuation, content engagement and high-net-worth insurance opportunities. Read More.
• Neutral Sentiment: Analyst action is incremental — JPMorgan nudged its price target from $12 to $13 but kept a Neutral rating, a limited catalyst because the target sits roughly near current trading levels. Read More.
• Negative Sentiment: Large insider selling — Director/executive Kenneth Ahn sold roughly 200k+ HGTY shares across Jan. 5–7 (largest single disclosed block ~164,870 shares at ~$12.79, plus additional sales), representing multi-million-dollar disposals that can create short-term selling pressure and investor caution about insider timing or liquidity needs. Read More.

About Hagerty

Hagerty is a specialized automotive lifestyle and insurance company that caters primarily to collectible car enthusiasts. Its core business centers on offering classic vehicle insurance policies designed to protect antique, vintage and specialty automobiles, motorcycles and boats. These policies typically feature agreed-value coverage, flexible usage options and access to restoration services, aligning with the unique needs of collectors and hobbyists.

Beyond insurance, Hagerty operates a comprehensive suite of community and content services under its automotive lifestyle brand.