Hagerty Inc Class A Announces Secondary Offering Pricing

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

On August 7, 2025, Hagerty, Inc. announced the pricing of its upsized secondary offering of 9,700,000 shares of Class A Common Stock at $9.34 per share, with the offering closing on August 11, 2025. The selling stockholders, Hagerty Holding Corp. and Aldel LLC, will not pass proceeds to Hagerty, as they will use the net proceeds to redeem shares for the benefit of Kim Hagerty’s estate. The offering, managed by Keefe, Bruyette & Woods and J.P. Morgan, highlights Hagerty’s strategic financial maneuvers but does not directly impact its operational cash flow.

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’s overall stock score reflects strong financial performance and positive earnings call insights, highlighting robust growth and strategic initiatives. While technical indicators show a stable trend, the high P/E ratio suggests overvaluation, which tempers the overall score.

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 tailored for car enthusiasts in the U.S., Canada, and the U.K. Hagerty also runs the Hagerty Drivers Club, a community of over 900,000 car enthusiasts.

Average Trading Volume: 128,092

Technical Sentiment Signal: Buy

Current Market Cap: $3.64B

For a thorough assessment of HGTY stock, go to TipRanks’ Stock Analysis page.