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HGTY News
HGTY Events
Deal Size Increased to 9.25M Shares, Priced at Low End of $11.95-$12.45 Range
The deal size was increased to 9.25M shares of common stock from 8.25M and priced at low end of $11.95-$12.45 target range. Wells Fargo and JPMorgan are acting as joint book running managers for the offering.
Hagerty Plans to Offer 8.25M Shares of Class A Common Stock
Hagerty announced that Hagerty Holding Corp. intends to offer 8.25M shares of Hagerty's Class A common stock in an underwritten secondary public offering. Hagerty will not receive any proceeds from the sale of shares of its Class A common stock by the selling stockholder. Wells Fargo Securities and J.P. Morgan are acting as representatives of the underwriters and lead bookrunning managers of the offering.
Wells Fargo and JPMorgan Jointly Manage Offering
Wells Fargo and JPMorgan are acting as joint book running managers for the offering.
Hagerty Q2 Revenue $354.82M Beats Expectations
Reports Q2 revenue $354.82M, consensus $314.17M. "The first half of 2026 has been the best in Hagerty's history, and our results give us the confidence to significantly increase our full year outlook. We delivered year-to-date written premium growth of 19% and Adjusted EBITDA gains of 32%, reflecting the compounding power of our model as we now control 100% of the economics on our U.S. book. This is what forty years of building trust - one member, one partner, one car at a time - looks like when the flywheel hits its stride," said McKeel Hagerty, Chief Executive Officer and Chairman of Hagerty.
Hagerty Raises FY26 Adjusted EBITDA Outlook to $270M-$280M
Consensus $1.3B. Raises FY26 adjusted EBITDA view to $270M-$280M from $236M-$247M. "Our momentum is showing up across every part of the Hagerty ecosystem, including crossing three million insured vehicles. Broad Arrow delivered first half revenue growth of 17%, with a 91% auction sell-through rate and demand from buyers on multiple continents. And in the third quarter, we will welcome the team and members of Bennetts, the United Kingdom's second largest specialty motorcycle insurance broker to the Hagerty family, tripling our scale in that market," added Hagerty.
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