Keefe Bruyette starts ‘overlooked’ Hagerty at Outperform

As previously reported, Keefe Bruyette analyst Tommy McJoynt initiated coverage of Hagerty (HGTY) with an Outperform rating and $14 price target 2026 will be “an inflection year” as its underwriting economics retention rises, State Farm conversions ramp, and investments yield operating leverage, which should drive mid-teens growth compounded by margin expansion, the analyst tells investors. The firm, which notes that its EPS estimates are 2%-6% above consensus through 2027, says Hagerty “has been overlooked by the Street and investors alike.”