Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Hagerty Inc before investing.

In this article, we go over a few key elements for understanding Hagerty Inc’s stock price such as:

• Hagerty Inc’s current stock price and volume
• Why Hagerty Inc’s stock price changed recently
• Upgrades and downgrades for HGTY from analysts
• HGTY’s stock price momentum as measured by its relative strength

About Hagerty Inc (HGTY)

Before we jump into Hagerty Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Hagerty, Inc. is an automotive enthusiast brand and specialty vehicle insurance provider. The Company is a provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the Americans who self-describe as car enthusiasts. Through its insurance model, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing classic car and enthusiast vehicle insurance policies. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which can be bundled with its insurance policies and give subscribers access to an array of products and services, including Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, emergency roadside assistance, and special vehicle-related discounts. The Company provides insurance for approximately 2.4 million classic cars and enthusiast vehicles.

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Hagerty Inc’s Stock Price as of Market Close

As of June 14, 2024, 4:00 PM, CST, Hagerty Inc’s stock price was $9.77.

Hagerty Inc is down 5.42% from its previous closing price of $10.33.

During the last market session, Hagerty Inc’s stock traded between $9.91 and $10.35. Currently, there are 84.66 million shares of Hagerty Inc stock available for purchase.

Hagerty Inc’s price-earnings (P/E) ratio is currently at 245.8, which is high compared to the Insurance - Property & Casualty industry median of 12.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Hagerty Inc Stock Price History

Hagerty Inc’s (HGTY) price is currently up 1.56% so far this month.

During the month of June, Hagerty Inc’s stock price has reached a high of $10.42 and a low of $9.46.

Over the last year, Hagerty Inc has hit prices as high as $10.35 and as low as $7.52. Year to date, Hagerty Inc’s stock is up 16.17%.

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What Caused Hagerty Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 13, 2024, there was 1 analyst who downgraded Hagerty Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Hagerty Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Hagerty Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Hagerty Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Hagerty Inc (HGTY) by visiting AAII Stock Evaluator.

Relative Price Strength of Hagerty Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 13, 2024, Hagerty Inc has a weighted four-quarter relative price strength of 1.00%, which translates to a Momentum Score of 75 and is considered to be Strong.

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Hagerty Inc Stock Price: Bottom Line

As of June 14, 2024, Hagerty Inc’s stock price is $9.77, which is down 5.42% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Hagerty Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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