HAGERTY INC Stock Price, News & Analysis

Hagerty (NYSE:HGTY), a specialty automotive insurance provider and lifestyle brand, has announced its participation in the upcoming KBW Insurance Conference. CEO and Chairman McKeel Hagerty and CFO Patrick McClymont will engage in a fireside chat on September 4, 2025, at 1:35 p.m. ET.

The presentation will be accessible via live webcast, with replay available for 365 days through Hagerty's investor relations website. Attendees are advised to register and prepare necessary streaming software at least 15 minutes before the event.

Hagerty (NYSE:HGTY) has launched Hagerty Safe Storage Concierge, a complimentary service offering secure parking garage storage for classic and enthusiast vehicles during severe weather events in Florida. The program, developed in partnership with Way, provides five days of enclosed storage above estimated surge lines in the Tampa and Miami metropolitan areas.

The service comes at no additional cost to Hagerty insured members with Florida policies. A survey revealed that 90% of customers expressed interest in the service, with 75% having experienced hurricanes or tropical storms. Members will receive email alerts about incoming severe weather and can access storage on a first-come, first-served basis, with the option to extend beyond five days at their own expense.

Hagerty (NYSE:HGTY) hosted Motorlux 2025, Monterey Car Week's opening event, attracting a record 4,250 guests to a sold-out gathering at the Monterey Jet Center. The event showcased 275 collector cars, 15 aviation displays, and premium culinary experiences featuring 3 Michelin Guide-recognized restaurants.

The highlight was Broad Arrow's auction, achieving $57.4M in total sales with an 80% sell-through rate. A 2005 Maserati MC12 Stradale set a record at $5.2M, becoming the most valuable modern Maserati sold at auction. The event featured global debuts of prestigious vehicles and supported the CHP 11-99 Foundation and Navy Postgraduate School Foundation.

Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, achieved remarkable success at its 2025 Monterey Jet Center auction, generating $57.4 million in total sales with an 80% sell-through rate. The auction set eight world record prices, headlined by a 2005 Maserati MC12 Stradale selling for $5.2 million - the highest price ever for a modern Maserati at auction.

The event saw the highest bidder registration in Broad Arrow's history, with a 20% increase from 2024. Notable record sales included a 2008 Koenigsegg CCXR at $3.2 million, a 1980 BMW M1 Procar at $1.6 million, and strong performances in Japanese collector cars. The auction demonstrated particular strength in modern collectibles, reflecting a generational shift in the collector car market.

Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, has announced the upcoming auction of a rare 1956 Jaguar D-Type at its inaugural Zürich Auction on November 1, 2025. The vehicle, chassis XKD 551, is one of only 71 D-Types ever produced and is estimated to fetch between CHF 5.25-6.25 million.

This exceptional D-Type stands out for being an un-raced example with matching engine and chassis numbers. The car has been under meticulous care of its current Swiss owner for three decades and was recently serviced by Graber Sportgarage. The vehicle comes with complete documentation including FIA Historical Identity Form, FIA Passport, and FIVA Identity Card, making it eligible for prestigious historic racing events.

Hagerty (NYSE: HGTY), an automotive enthusiast brand and specialty vehicle insurance provider, has announced the pricing of its upsized secondary offering of 9.7 million shares of Class A Common Stock at $9.34 per share.

The offering, expected to close around August 11, 2025, is being conducted by selling stockholders Hagerty Holding Corp. (HHC) and Aldel LLC. The underwriters have a 30-day option to purchase up to an additional 1.455 million shares. Hagerty will not receive any proceeds from the sale, and HHC plans to use its net proceeds to redeem shares for the estate of Kim Hagerty.

Keefe, Bruyette & Woods and J.P. Morgan are leading the offering as representatives and bookrunning managers, with BMO Capital Markets, Citizens Capital Markets, and Wells Fargo Securities as additional bookrunners.

Hagerty (NYSE: HGTY), an automotive enthusiast brand and specialty vehicle insurance provider, announced a secondary public offering of 8.7 million shares of Class A Common Stock by selling stockholders Hagerty Holding Corp. (HHC) and Aldel LLC. The underwriters will have a 30-day option to purchase up to an additional 1.305 million shares.

Keefe, Bruyette & Woods and J.P. Morgan are leading the offering as representatives and bookrunning managers, with BMO Capital Markets, Citizens Capital Markets, and Wells Fargo Securities as additional book running managers. Hagerty will not receive any proceeds from the sale, and HHC plans to use its net proceeds to redeem shares for the benefit of Kim Hagerty's estate.

Hagerty (NYSE:HGTY), an automotive enthusiast brand and specialty vehicle insurance provider, reported strong Q2 2025 results and raised its full-year outlook. Total Revenue grew 18% year-over-year to $368.7 million, while Net Income increased 11% to $47.2 million.

Key highlights include a 327% increase in Marketplace revenue to $26.8 million, an 11% growth in Written Premium to $356.0 million, and a 20% rise in Adjusted EBITDA to $63.7 million. The company maintains strong retention with 88.7% Policies in Force Retention and grew its insured vehicles by 6% to 2.7 million.

Hagerty increased its 2025 guidance, now expecting 13-14% revenue growth, 43-53% net income growth, and 30-38% Adjusted EBITDA growth. The company also announced a non-binding LOI with Markel for a new fronting arrangement that would give Hagerty control of 100% of premium by January 2026.

Hagerty (NYSE: HGTY), a specialty vehicle insurance provider and automotive enthusiast brand, has announced two key executive appointments to strengthen its insurance leadership team. Adam Van Loon joins as Senior Vice President of Insurance Distribution, while Jesse McKendry takes the role of Senior Vice President of Insurance Product.

Van Loon, formerly Chief Partnerships Officer at Plymouth Rock Assurance, will lead insurance sales strategy across North America, focusing on growth through broker and agent networks. McKendry, bringing experience from GEICO, Lemonade, and other major insurers, will oversee product development, pricing, and underwriting initiatives.