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Hagerty Inc - HGTY STOCK NEWS

Welcome to our dedicated news page for Hagerty (Ticker: HGTY), a resource for investors and traders seeking the latest updates and insights on Hagerty.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hagerty's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hagerty's position in the market.

News
Mobil 1™ Announced as Title Sponsor of RADwood 2024 and New Mobil 1 Totally RAD Live Festival Experience
Rhea-AI Summary
Mobil 1™ is announced as the title sponsor of RADwood 2024, bringing a new festival-style atmosphere to the event with over 550 cars on display. The partnership aims to enhance the automotive lifestyle experience of attendees by introducing new elements such as live concert series, awards, meet & greet sessions, VIP chill zone, expanded fashion contests, ride and drive opportunities, and an online campaign to celebrate the driving community. Mobil 1's 50-year anniversary adds to the significance of this collaboration, highlighting the brand's commitment to car enthusiasts.
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Hagerty Celebrates 40 Years of Cars, Culture and Community with "Keepers of the Flame" Campaign Honoring Car Love
Rhea-AI Summary
Hagerty, Inc. celebrates its 40th anniversary with the launch of the 'Keepers of the Flame' campaign. The campaign highlights the enduring love for cars among 67 million enthusiasts and Hagerty's commitment to the automotive community. Activities include a special magazine section and an online auction featuring iconic cars from the RAD Era. Hagerty has invested over $22 million in preserving car culture, including grants for automotive restoration and driver's education.
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2%
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Hagerty Reports 2023 Results; Expects Strong Growth and Margin Expansion to Continue in 2024
Rhea-AI Summary
Hagerty, Inc. (HGTY) reported impressive financial results for the fourth quarter and full year 2023, with Total Revenue up 27% to $1.0 billion, Net Income increasing by $25.8 million, and Adjusted EBITDA rising by $90.1 million. The company achieved an A- (Excellent) Financial Strength Rating from AM Best and shared a positive 2024 outlook with expected growth in Total Revenue, Net Income, and Adjusted EBITDA.
Rhea-AI Impact
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-1.11%
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1962 Ferrari 250 GTO and 1947 Delahaye 135MS Narval Cabriolet Named Best in Show at The Amelia
Rhea-AI Summary
The 29th annual Amelia Island Concours d'Elegance saw a record 27,000 automotive enthusiasts attending a week-long celebration of car culture. Highlights included a 1962 Ferrari 250 GTO winning Best in Show, Concours de Sport, and a 1947 Delahaye 135MS Narval Cariolet claiming Best in Show, Concours d'Elegance. The event featured global vehicle debuts, new auction records, and various automotive activities. Broad Arrow Auctions also achieved remarkable success with a sell-through rate of over 90% and a top sale of $4,405,000 for a 1967 Ford GT40 Mk I Road Coupe.
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0.58%
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Hagerty to Report Fourth Quarter 2023 Results and Host Conference Call on Tuesday, March 12, 2024
Rhea-AI Summary
Hagerty, Inc. (NYSE: HGTY) will release its Q4 2023 financial results on March 12, 2024, followed by a conference call. Investors can access the live webcast on the investor relations website. Dial-in details are provided for the conference call.
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End-of-Day
0.57%
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AM Best Comments on Credit Ratings of Hagerty Reinsurance Limited Following Consolidated National Insurance Company Acquisition Announcement
Rhea-AI Summary
AM Best comments on Hagerty Reinsurance Limited's Credit Ratings remaining unchanged following the acquisition announcement by Hagerty Insurance Holdings. The acquisition of Consolidated National Insurance Company is expected to enhance Hagerty's business offerings without impacting Hagerty Re's balance sheet strength significantly.
Rhea-AI Impact
Rhea-AI Sentiment
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-2.98%
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Dale Earnhardt Jr., Jeff Gordon and Rick Hendrick to be Featured Guests During Famed "Racers' Concours" Week at The Amelia
Rhea-AI Summary
The Amelia returns in 2024 with a week-long celebration of motoring excellence in Amelia Island, Florida, featuring activities such as getting behind the wheel of enthusiast cars, panels with racing legends, and auctions. The event will include seminars, the Mobil 1 Hagerty Ride & Drive program, the Porsche Driving Experience, and auctions by Broad Arrow Auctions, Gooding and Company, Bonhams, and a silent auction. Additional events include Cars and Community, RADwood, the Annual Porsche Winemaker's Dinner, The Hangar, and Werks Reunion. The event will also feature showcases from various partners such as Airbus Corporate Jets, BMW North America, Chopard USA, and more.
Rhea-AI Impact
Rhea-AI Sentiment
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-2.19%
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Hagerty names Arjun H. Chowdri as Senior Vice President of Membership & Retention
Rhea-AI Summary
Hagerty, Inc. has appointed Arjun H. Chowdri as its new Senior Vice President of Membership and Retention. Arjun will lead the company's global membership programs, including the Hagerty Driver's Club, the world's largest paid car club with more than 800,000 members. Additionally, Arjun will lead Hagerty's Garage and Social business, a portfolio of five premium car storage and clubhouse locations across the US and Canada. Chowdri brings two decades of experience with lifestyle brands, having previously served as Chief Administrative and Innovation Officer for the PGA of America and leading the sports and entertainment marketing efforts behind Coca-Cola's Glaceau brands. His appointment is expected to enhance Hagerty's membership programs and retention marketing efforts, leveraging his expertise in developing new initiatives and services, international expansion, and guiding investments.
Rhea-AI Impact
Rhea-AI Sentiment
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0.26%
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Hagerty launches channel on Samsung TV Plus featuring hundreds of hours of free, premium automotive content
Rhea-AI Summary
Hagerty (HGTY) launches Hagerty Media content and livestreams, expanding its reach to millions of automotive enthusiasts
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-0.75%
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The 10 Collector Cars to Watch Next Year: Hagerty Announces 2024 Bull Market List
Rhea-AI Summary
Hagerty, Inc. (NYSE: HGTY) has announced its annual 2024 U.S. Bull Market list, featuring a selection of wide-ranging enthusiast vehicles expected to increase in value over the next year. Compiled by the brand's automotive intelligence team using public and private sales, insurance valuations, and historic trends, the list includes vehicles from various decades and genres. Notable inclusions are the 2008-2013 BMW M3, 1965-1970 Chevrolet Impala SS, 1946-1950 Chrysler Town & Country, 2011-2016 Ferrari FF, 1964-1966 Ford Thunderbird, 2000-2005 Jaguar XKR, 1981-1986 Jeep CJ-8 Scrambler, 1989 Lamborghini Countach 25th Anniversary, 1997-1999 Mitsubishi Pajero Evolution, and 1997-2002 Plymouth Prowler.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
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Stock HGTY logo
Hagerty Inc

NYSE:HGTY

HGTY Rankings

#2640 Ranked by Market Cap
#3124 Ranked by Stock Gains
N/A Ranked by Dividends

HGTY Stock Data

2.83B
79.54M
7.65%
81.97%
1.24%
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Finance and Insurance
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Traverse City

About HGTY

hagerty was built by people who love cars. we began as a niche insurance agency offering coverage for collector cars. we’re now a global automotive enthusiast brand and the world’s largest membership organization for car lovers. it's all driven by our love for cars.our purpose is saving driving. we exist to fuel car culture and ultimately save driving for future generations. our mission is building a global business to fund our purpose, create a space where team members thrive; and drive positive impact throughout the world.driving is who we are. hagerty offers integrated membership products and programs with unique experiences that bring together automotive enthusiasts across the globe. we connect people who love cars through our hagerty drivers club (620,000+ members), entertainment and events such as the greenwich concours d’elegance, the concours d’elegance of america, and the california mille, as well as valuation capabilities, driveshare, media, and garage + social.hagerty is alw