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Hagerty Inc Class A ( (HGTY) ) just unveiled an announcement.
On April 13, 2026, Hagerty, Inc. announced that director Michael R. Heaton resigned from its Board of Directors, where he had served as Markel Group Inc.’s designee under an existing Investor Rights Agreement. The company stated his departure was not due to any disagreement over operations, policies, or practices, and on April 14, 2026, the Board accelerated the vesting of 10,230 restricted stock units previously granted to Heaton, which had originally been scheduled to vest on July 1, 2026.
Following Heaton’s resignation, Markel exercised its right under the Investor Rights Agreement to designate a replacement, naming Henrik W. Bjørnstad, a former Managing Director—National Markets at Markel International, to Hagerty’s Board effective April 14, 2026. Bjørnstad was also appointed to the Talent, Culture, and Compensation Committee and the Nominating and Governance Committee, and will receive standard non-employee director compensation, indicating a continued, structured role for Markel in Hagerty’s governance without disclosed related-party transactions requiring additional regulatory scrutiny.
The most recent analyst rating on (HGTY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Hagerty Inc Class A stock, see the HGTY Stock Forecast page.
Spark’s Take on HGTY Stock
According to Spark, TipRanks’ AI Analyst, HGTY is a Outperform.
The score is driven primarily by strong 2025 financial performance (improving margins, strong cash generation, and a much stronger balance sheet with zero debt). Offsetting this, technicals remain weak with the stock below key long-term moving averages and negative MACD. Earnings-call guidance is constructive on underlying growth and adjusted EBITDA, but near-term GAAP results are expected to look worse due to transition-related accounting impacts, and valuation (P/E ~25.9 with no dividend) is only moderately supportive.
To see Spark’s full report on HGTY stock, click here.
More about Hagerty Inc Class A
Hagerty, Inc. is a specialty automotive company focused on the enthusiast vehicle market, offering insurance and related services tailored to classic and collectible cars. The company collaborates with strategic investors such as State Farm Mutual Automobile Insurance Company and Markel Group Inc. under an Investor Rights Agreement that shapes elements of its board governance.
Average Trading Volume: 163,072
Technical Sentiment Signal: Sell
Current Market Cap: $3.72B
See more data about HGTY stock on TipRanks’ Stock Analysis page.