Hagerty Inc Announces Fronting Arrangement with Markel

Hagerty Inc Class A ( (HGTY) ) has shared an announcement.

On July 24, 2025, Hagerty, Inc. announced a non-binding letter of intent for a proposed fronting arrangement with Markel Group Inc., expected to be effective on January 1, 2026. This arrangement will allow Hagerty to assume 100% of the underwriting and investment economics, enhancing profitability and operational control without disrupting policyholders. The agreement, subject to regulatory approval, marks an evolution of Hagerty’s partnership with Markel, with the company anticipating increased administrative responsibilities and a decrease in fronting fees based on policy volume.

The most recent analyst rating on (HGTY) stock is a Hold with a $12.00 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.

Hagerty Inc Class A demonstrates strong financial performance and a positive outlook from recent earnings. However, a high P/E ratio and lack of dividend yield indicate valuation concerns. Positive corporate events and strategic growth plans provide a favorable long-term view, offsetting some near-term technical weakness.

To see Spark’s full report on HGTY stock, click here.

More about Hagerty Inc Class A

Hagerty, Inc. is an automotive enthusiast brand and a leading provider of specialty vehicle insurance. The company offers expert car valuation data and insights, live and digital car auction services, immersive events, and automotive entertainment. Hagerty operates in the U.S., Canada, and the U.K., and is home to the Hagerty Drivers Club, a community of nearly 890,000 car enthusiasts.

Average Trading Volume: 76,891

Technical Sentiment Signal: Buy

Current Market Cap: $3.51B

See more data about HGTY stock on TipRanks’ Stock Analysis page.