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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 $11.09, up 1.19% from the previous day, and has increased 23.5% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.02 percentage points. Hagerty stock is currently +47.47% from its 52-week low of $7.52, and -3.31% from its 52-week high of $11.47.

There are currently 336.74M shares of HGTY outstanding. The market cap of HGTY is $3.73B. In the past 24 hours, 79,769 HGTY shares were traded.

How to Buy Hagerty Stock

Not sure how to invest in Hagerty stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 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.

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  2. Provide your personal data to create a new trading account.
  1. Send your information by hitting the "Create Account" button.
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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.

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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

HGTY Price
$11.09
1w %
0.18%
1y %
23.5%
5y %
N/A
P/E
61.61x
P/B
39.93x
P/S
0.89x
PEG
1.67x
Revenue
$1.05B
Earnings
$15.46M
Fore. Rev. Growth
13.91%
Fore. Earn. Growth
41.09%
Market Cap
$3.73B
Next Earnings
Aug 6, 2024
Next Dividend
N/A

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 61.61x, relative to Insurance - Property & Casualty industry P/E ratio of 17.44x
  • HGTY could be overvalued based on its P/B ratio of 39.93x, relative to Insurance - Property & Casualty industry P/B ratio of 2.21x
  • HGTY could be overvalued based on its PEG ratio of 1.67x

You can do additional valuation research on HGTY's stock here.

HGTY Financial Overview

Pros:

  • HGTY earnings of $14.62M is not sufficient to cover its interest payments.
  • HGTY profit margin has gone up from 0.3% to 1.5% in the past year.
  • There are more short-term assets than long-term liabilities on the HGTY balance sheet.
  • There are more short-term assets than short-term liabilities on the HGTY balance sheet.
  • HGTY's operating cash flow of $180.22M allows it to safely service it's debt of $140.67M.

Cons:

  • HGTY has a relatively high debt to equity ratio of 11.38.

Do analysts think it's a good time to buy HGTY stock

Out of 1 Equities analysts who track HGTY, the consensus analyst rating on Hagerty is a Hold

It's important to note that analyst forecasts are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Hagerty stock forecast page.

HGTY Trading Indicators

SMA10
11.09
SMA20
10.68
SMA50
9.87
SMA100
9.35
SMA200
8.74
MACD
0.37
MACD Signal
0.38
MACD Histogram
-0.01
RSI
60.71
Stochastic %K
77.62
Stochastic %D
83.71
StochRSI %K
60.52
StochRSI %D
71.7

HGTY Performance Numbers

Last year, HGTY earnings were $15.46M. Over the last one years, HGTY's earnings have grown by 500% per year. This was faster than the Insurance - Property & Casualty industry average of 18.98%.

Last year, HGTY revenue was $1.05B. In the last two year, HGTY's revenue has gone up by 26.57% per year. This was faster than the Insurance - Property & Casualty industry average of 11.36%.

Dive into HGTY's earnings and revenue performance here.

Latest Insiders Trades at HGTY

In the past 12 months, executives and large shareholders 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 $84,435.24 worth of HGTY stock on Jul 16, 2024.

Research more about who owns HGTY shares here.

Does HGTY stock generate passive income?

No, Hagerty doesn't provide an income stream by paying out dividends.

HGTY Social Trading Data

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Make your HGTY trade

There are two main types of orders:

  • 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 enables you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price limit, place a limit order.

Hit the Open button and eToro will place your order.

If you want additional help buying stocks on eToro, click the helpful video below:

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Step 6: Get notifications regarding your HGTY position

Now that you own some shares in HGTY, you'll want to stay up-to-date on your new company.

Create a watchlist to track your HGTY stock.

HGTY Feed

How to Buy Stock in Hagerty

To summarize, here are the 6 steps you need to take to buy Hagerty stock right now:

  1. Decide where to buy Hagerty stock
  2. Open your brokerage account
  3. Deposit funds into your investment account
  4. Analyze Hagerty stock
  5. Make your HGTY trade
  6. Get notifications regarding your HGTY position

If you need a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep tabs on your new investment in Hagerty, add HGTY to your watchlist by clicking the button below.

NYSE: HGTY
$11.09+0.13 (+1.19%)
Updated Jul 16, 2024
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NYSE: HGTY
$11.09+0.13 (+1.19%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Hagerty share?

As of Jul 16, 2024, it costs $11.09 to buy one share of Hagerty stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.451 shares of HGTY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Hagerty stock?

According to 1 Wall Street analysts who monitor Hagerty, their consensus recommendation is to hold Hagerty stock.

What is the best way to buy Hagerty stock?

One way to place an order for Hagerty stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.