Hagerty (NYSE:HGTY) Shares Gap Down – Here’s What Happened

Posted by Geri Gentry on Nov 11th, 2026

Shares of Hagerty, Inc. (NYSE:HGTY – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $16.94, but opened at $15.80. Hagerty shares last traded at $16.1720, with a volume of 3,198,517 shares trading hands.

Analyst Upgrades and Downgrades

HGTY has been the subject of a number of recent analyst reports. Citizens Jmp increased their target price on shares of Hagerty from $15.00 to $19.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 4th. Zacks Research lowered shares of Hagerty from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Oppenheimer reaffirmed an “outperform” rating and set a $20.00 price target on shares of Hagerty in a research report on Tuesday, November 3rd. Wells Fargo & Company increased their price target on Hagerty from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Hagerty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.43.

Get Our Latest Analysis on HGTY

Hagerty Stock Down 2.7%

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a fifty day moving average price of $14.70 and a two-hundred day moving average price of $12.23. The company has a market cap of $5.66 billion, a P/E ratio of 274.10 and a beta of 0.83.

Hagerty (NYSE:HGTY – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.09. The business had revenue of $354.24 million during the quarter, compared to the consensus estimate of $338.99 million. Hagerty had a return on equity of 6.27% and a net margin of 1.08%. On average, research analysts expect that Hagerty, Inc. will post 0.06 EPS for the current year.

Insider Activity

In other news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $11.47, for a total value of $15,914,625.00. Following the completion of the sale, the insider owned 9,250,000 shares in the company, valued at $106,097,500. This represents a 13.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hagerty

A number of institutional investors have recently added to or reduced their stakes in HGTY. Vise Technologies Inc. bought a new position in shares of Hagerty during the 3rd quarter worth approximately $139,000. E. Ohman J or Asset Management AB grew its holdings in shares of Hagerty by 4.2% in the third quarter. E. Ohman J or Asset Management AB now owns 48,047 shares of the company’s stock valued at $647,000 after acquiring an additional 1,941 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Hagerty during the third quarter valued at approximately $55,000. Lincoln Capital LLC increased its position in shares of Hagerty by 38.7% during the 3rd quarter. Lincoln Capital LLC now owns 1,350,809 shares of the company’s stock valued at $18,209,000 after purchasing an additional 377,158 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Hagerty in the second quarter worth about $170,000. 20.51% of the stock is owned by institutional investors.

Hagerty Company Profile

(Get Free Report)

Hagerty is an automotive enthusiast company focused on collectible and classic vehicles. Its services include specialty vehicle insurance, membership programs, vehicle valuation tools, and online marketplaces that connect buyers and sellers. The company also produces automotive media and hosts events and driving experiences for enthusiasts. Hagerty serves customers in the United States and select international markets, including Canada and the United Kingdom. Founded in 1984 as a family business, Hagerty is headquartered in Traverse City, Michigan.