How to Buy Hagerty Stock
Hagerty Inc
Hagerty is a property & casualty insurance company located in Michigan, United States, which is part of the Financial Services sector, and is traded under the ticker HGTY on the NYSE exchange.
Hagerty stock last closed at $8.76, down 0.57% from the previous day, and has decreased 7.4% in one year. It has underperformed other stocks in the Insurance - Property & Casualty industry by 0.28 percentage points. Hagerty stock is currently +16.49% from its 52-week low of $7.52, and -15.44% from its 52-week high of $10.36.
There are currently 335.69M shares of HGTY outstanding. The market cap of HGTY is $2.94B. In the past 24 hours, 25,428 HGTY shares were traded.
How to Buy Hagerty Stock
Not sure how to invest in Hagerty stock? Here's how.
- Decide where to buy Hagerty stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you figure out where to buy Hagerty stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your method of payment and add your information.
- Analyze Hagerty stock: The Hagerty ticker symbol is HGTY. Is Hagerty stock a good investment? Should you buy shares of HGTY? How do HGTY's underlying business fundamentals look? Do top analysts think Hagerty is a good buy? Why has HGTY's stock price moved recently? (Hint: Our stock research tools can help you decide if HGTY is a good stock to buy).
- Make your HGTY trade: Decide if you will purchase HGTY shares at the current market price or use a limit order to purchase HGTY shares at a specific price.
- Get notifications regarding your HGTY position: Create a watchlist to get live updates on your position in Hagerty stock.
Step 1: Decide where to buy Hagerty stock
You will need an online brokerage account in order to access the NYSE market and buy HGTY shares.
Our preferred brokerage: eToro
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- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you are able to buy HGTY stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create a new trading account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have created your account on the best app for stock investing, you can securely and quickly fund your account:
Watch the walkthrough below if you need help transferring funds into your investment account.
Step 4: Analyze Hagerty stock
Once you have decided on the best place to buy Hagerty stock, it's very important to analyze their stock before you invest, so you actually understand the risk and upside.
Hagerty quick stats
Hagerty Fundamentals
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on HGTY's stock page.
Is HGTY stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge HGTY's fair value.
Using relative valuations ratios:
- HGTY could be overvalued based on its P/E ratio of 46.11x, relative to Insurance - Property & Casualty industry P/E ratio of 4.23x
- HGTY could be overvalued based on its P/B ratio of 31.72x, relative to Insurance - Property & Casualty industry P/B ratio of 2.17x
You can access more valuation analysis on HGTY's stock here.
Is HGTY a healthy company?
Pros:
- HGTY earnings of $14.00M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the HGTY balance sheet.
- There are more short-term assets than long-term liabilities on the HGTY balance sheet.
- HGTY's operating cash flow of $133.71M allows it to safely service it's debt of $181.14M.
Cons:
- HGTY has a relatively high debt to equity ratio of 11.81.
- HGTY profit margin has gone down from 4.1% to 1.7% in the past year.
Is it a good time to buy Hagerty stock, according to analysts?
Out of 1 sell side analysts who give forecasts on HGTY, the consensus analyst rating on HGTY is a Hold
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Hagerty stock forecast page.
HGTY Momentum
HGTY Growth Metrics
Last year, HGTY earnings were $16.55M. During the past four year, HGTY's earnings have increased by -75.82% per year. This was slower than the Insurance - Property & Casualty industry average of 11.49%.
Last year, HGTY revenue was $1.00B. In the past five year, HGTY's revenue has increased by 27.09% per year. This was faster than the Insurance - Property & Casualty industry average of 11.77%.
Dive into HGTY's earnings and revenue performance here.
Latest Insiders Trades at HGTY
Over the past 12 months, insiders at HGTY have sold more shares than they have bought.
Robert I. Kauffman, Director of HGTY, was the latest HGTY insider to sell. They sold $4,140.00 worth of HGTY shares on Apr 25, 2024.
Learn more about who owns HGTY stock here.
Can I get consistent income from HGTY stock?
No, Hagerty doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your HGTY trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, place a limit order.
Press the Open Trade button and eToro will place the order.
If you require additional help with buying stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your HGTY position
Now that you own some HGTY shares, you'll want to stay up-to-date on your new stock purchase.
Add HGTY to a watchlist to keep tabs on your HGTY stock.
HGTY Feed
How to Buy Stock in Hagerty
To reiterate, here are the 6 steps to buy stock in Hagerty:
- Decide where to buy Hagerty stock
- Open your brokerage account
- Deposit funds into your investment account
- Analyze Hagerty stock
- Make your HGTY trade
- Get notifications regarding your HGTY position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Hagerty, hit the button below to create your watchlist.
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