Stock fact sheet · data as of
Hagerty, Inc. (HGTY): fair value, margin of safety and Wheel Score
Ticker symbol HGTY · Financial Services · Insurance - Property & Casualty · United States · Class A common stock · Growth
HGTY is Hagerty, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is HGTY undervalued?
Hagerty, Inc. (HGTY) closed at 18.71 on 5 Nov 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 24.70, so the price sits 24% below it. 4 of the 8 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
The 8 models disagree widely: EPV gives 5.36 while 10 Cap gives 54.75. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, HGTY is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 25, growth score 83, out of 100).
Nine valuation models for HGTY
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 14.67 | -22% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 5.93 | -68% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 27.57 | +47% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 12.05 | -36% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 29.51 | +58% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 54.75 | +193% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 47.72 | +155% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 5.36 | -71% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2.33 | -112% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 17.00 | -9% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: HGTY passes 4 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 5.7 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are moderate - ROIC 9.1%, ROE 15.9%, ROA 2.4% - with debt at 0.76 times equity and a free-cash-flow yield of 4.3%.
Hagerty, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Commission Revenue And Fee Revenue 53%, Membership And Other Revenue 47% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 9.1% |
|---|---|---|---|
| GLS Moat | 5.7 / 10 | ROE | 15.9% |
| Debt / equity | 0.76 | ROA | 2.4% |
| Free-cash-flow yield | 4.3% | Payout ratio | 11% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 43: Weak
HGTY scores 43 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (404 open interest, 42 a day); and filter 4, financially healthy - Piotroski 4/9 (under 6), and the parts are thin too - value strong, premium strong, moat fair, health fair, red flags fair, option trading weak, stability good. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 61% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is thin - 404 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 1.0M shares a day on a market cap of $6.4B, with a beta of 0.83; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (404 open interest, 42 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 24% below fair value | |
| Premium | Strong | implied volatility 61% | |
| Moat | Fair | moat 5.7/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Fair | Red Flags score 72/100 | |
| Option trading | Weak | 42 contracts a day, 404 open interest | |
| Stability | Good | beta 0.83, $6.4B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for HGTY in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Property & Casualty
The 12 companies below are the closest to Hagerty, Inc. by market cap within the Insurance - Property & Casualty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| RLI RLI Corp. | 68.91 | 77.16 | +11% | 36Weak | $6.3B |
| SIGI Selective Insurance Group, Inc. | 103.20 | 220.39 | +53% | 43Weak | $6.1B |
| SIGIP Selective Insurance Group, Inc. | 14.99 | 101.31 | +85% | 37No options | $5.9B |
| MCY Mercury General Corporation | 88.93 | 289.08 | +69% | 78Good | $4.9B |
| THG The Hanover Insurance Group, Inc. | 249.93 | 573.77 | +56% | 75Good | $8.6B |
| KNSL Kinsale Capital Group, Inc. | 391.73 | 618.66 | +37% | 82Good | $8.8B |
| ORI Old Republic International Corporation | 39.96 | 56.77 | +30% | 39Weak | $9.6B |
| ARX Accelerant Holdings | 19.85 | 5.94 | -234% | 33Weak | $4.3B |
| PLMR Palomar Holdings, Inc. | 144.04 | 246.53 | +42% | 49Weak | $3.8B |
| LMND Lemonade, Inc. | 45.90 | 4.31 | -964% | 23Weak | $3.6B |
| AFG American Financial Group, Inc. | 154.77 | 185.90 | +17% | 38Weak | $12.8B |
| SLDE Slide Insurance Holdings, Inc. Common Stock | 27.28 | 96.94 | +72% | 82Good | $3.2B |
⚖ Compare HGTY with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about HGTY
What kind of share is HGTY?
HGTY is Hagerty, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is HGTY undervalued right now?
By the GLS models, moderately: at 18.71 the stock trades 24% below the average fair value of 24.70 (data as of 5 Nov 2026).
What is the Wheel Score of HGTY and what does it mean?
HGTY scores 43 out of 100 (Weak) - it fails Wheel Trade Filters 1, 4. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for HGTY?
24.70 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Hagerty, Inc. report earnings next?
No upcoming earnings date is recorded for HGTY in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does HGTY have listed options, and how liquid are they?
Yes. The nightly snapshot found 20 listed contracts with 404 open interest across all expiries and implied volatility of 61% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.