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Upturn AI SWOT - About
Hagerty Inc (HGTY)
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Upturn Advisory Summary
07/15/2025: HGTY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $10.5
1 Year Target Price $10.5
| 0 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 1.69% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/15/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.42B USD | Price to earnings Ratio 47.62 | 1Y Target Price 10.5 |
Price to earnings Ratio 47.62 | 1Y Target Price 10.5 | ||
Volume (30-day avg) 3 | Beta 0.91 | 52 Weeks Range 8.03 - 12.35 | Updated Date 07/15/2025 |
52 Weeks Range 8.03 - 12.35 | Updated Date 07/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.21 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.55% | Operating Margin (TTM) 8.05% |
Management Effectiveness
Return on Assets (TTM) 2.95% | Return on Equity (TTM) 15.99% |
Valuation
Trailing PE 47.62 | Forward PE - | Enterprise Value 954004480 | Price to Sales(TTM) 2.74 |
Enterprise Value 954004480 | Price to Sales(TTM) 2.74 | ||
Enterprise Value to Revenue 0.77 | Enterprise Value to EBITDA 24.68 | Shares Outstanding 90715600 | Shares Floating 30417864 |
Shares Outstanding 90715600 | Shares Floating 30417864 | ||
Percent Insiders 7.11 | Percent Institutions 83.95 |
Upturn AI SWOT
Hagerty Inc
Company Overview
History and Background
Hagerty, Inc. was founded in 1984 by Frank and Louise Hagerty as an insurance agency specializing in classic and collector cars. Initially a small family business, it has grown into a leading provider of specialty insurance for enthusiast vehicles and related services.
Core Business Areas
- Insurance: Provides insurance coverage for classic and collector cars, motorcycles, boats, and other enthusiast vehicles.
- Membership: Offers membership programs that include roadside assistance, valuation tools, and access to Hagerty Drivers Club events.
- Media and Events: Produces automotive content, including magazines, videos, and live events like concours d'elegance and driving tours.
- Marketplace: An online platform for buying and selling classic vehicles.
Leadership and Structure
McKeel Hagerty serves as the Chief Executive Officer. The company has a structured leadership team with executives overseeing various business units, including insurance, media, and membership. Post-SPAC, it operates with a board of directors.
Top Products and Market Share
Key Offerings
- Classic Car Insurance: Hagerty's core product, providing specialized insurance for collector vehicles. They hold a significant market share in this niche. Competitors include American Collectors Insurance, Heacock Classic, and Grundy Worldwide.
- Estimated Market Share (%): 40
- Hagerty Drivers Club: A membership program offering roadside assistance, valuation tools, and access to exclusive events and content. Competitors are AAA and various roadside assistance providers.
- Number of Users: 750000
- Hagerty Valuation Tools: Provides online valuation data for classic cars. Competitors include Kelly Blue Book and NADAguides.
- Revenue from Valuation Tools: 10000000
Market Dynamics
Industry Overview
The collector car market is driven by enthusiasts and investors seeking unique vehicles. The industry experiences cyclical trends influenced by economic conditions and collector preferences. Increased use of online marketplace and content drives the industry as well.
Positioning
Hagerty is positioned as a leader in the collector car insurance market, known for its expertise and enthusiast-focused approach. It differentiates itself through its strong brand, community engagement, and comprehensive service offerings.
Total Addressable Market (TAM)
The global classic car market is estimated to be worth billions of dollars annually. Hagerty aims to capture a significant portion of this TAM by expanding its product offerings and geographic reach.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Specialized expertise in collector car insurance
- Enthusiast community and engagement
- Diversified revenue streams (insurance, membership, media)
- Proprietary valuation data
Weaknesses
- Reliance on the classic car market
- Potential for higher claims costs in a volatile market
- Limited geographic presence outside North America
- Dependence on economic stability
Opportunities
- Expanding into related insurance markets (e.g., motorcycles, boats)
- Growing membership base
- Increasing international presence
- Leveraging data analytics to improve pricing and risk management
- Acquiring or partnering with complementary businesses
Threats
- Economic downturns affecting collector car values
- Increased competition from larger insurance companies
- Changes in consumer preferences
- Regulatory changes impacting the insurance industry
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- GWH (Grundy Worldwide)
- ACI (American Collectors Insurance)
- HIG (The Hartford)
Competitive Landscape
Hagerty benefits from its brand recognition and enthusiast focus. Larger insurance companies offer broader coverage options but may lack Hagerty's specialized expertise. Niche players like American Collectors Insurance focus solely on collector vehicles but may have less comprehensive service offerings.
Major Acquisitions
Broad Arrow Group
- Year: 2022
- Acquisition Price (USD millions): 76.7
- Strategic Rationale: To strengthen Hagerty's position in the classic car market by expanding its portfolio of enthusiast and automotive lifestyle offerings. This acquisition gives Hagerty further entry into collector car auctions.
Growth Trajectory and Initiatives
Historical Growth: Hagerty has experienced growth through organic expansion and strategic acquisitions. The company has focused on expanding its product offerings and geographic reach.
Future Projections: Future growth is projected to come from continued expansion in the collector car market, growth in membership and media segments, and potential acquisitions. Analyst estimates should be reviewed for specific projections.
Recent Initiatives: Recent initiatives include expanding the Hagerty Drivers Club, investing in digital media content, and exploring international expansion opportunities. The SPAC merger was a significant strategic move to fuel growth.
Summary
Hagerty is a leading player in the collector car insurance market with a strong brand and loyal customer base. Its diversified revenue streams and enthusiast-focused approach are key strengths. However, the company faces challenges related to economic conditions and competition, and therefore will require continued growth initiatives and market adaptation to remain competitive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Analyst reports
- Industry publications
- Company Website
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Actual results may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hagerty Inc
Exchange NYSE | Headquaters Traverse City, MI, United States | ||
IPO Launch date 2021-06-01 | Chairman & CEO Mr. McKeel O. Hagerty | ||
Sector Financial Services | Industry Insurance - Property & Casualty | Full time employees 1733 | Website https://www.hagerty.com |
Full time employees 1733 | Website https://www.hagerty.com | ||
Hagerty, Inc. provides insurance services for collector cars and enthusiast vehicles in the United States. The company engages in the underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies. It also provides Hagerty Drivers Club memberships, which are primarily bundled with insurance policies and give subscribers access to an array of products and services, such as emergency roadside assistance, hagerty drivers club magazine, automotive enthusiast events, proprietary vehicle valuation tool, and special vehicle related discounts. In addition, the company offers marketplace to complement insurance and membership offerings. Hagerty, Inc. is headquartered in Traverse City, Michigan.
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