Hagerty Intrinsic Value Calculator – Confluence Investment Management LLC Invests in Hagerty, in 2023

March 19, 2023

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In 2023, Confluence Investment Management LLC made a big move by investing in Hagerty ($NYSE:HGTY), Inc. This investment was seen as a smart decision, as Hagerty is a market leader in the automotive, marine, and motorcycle collector vehicle insurance and valuation services industry. Their products and services are used by individuals, businesses, and financial institutions around the world to protect and preserve their investments in the collector vehicle industry. This makes Hagerty a great long-term investment for Confluence Investment Management LLC. The company has also recently launched a new product called Collector Vehicle Network which connects their customers to other automobile enthusiasts, providing them with news and updates about the industry.

This product has been well received by the market and is expected to drive new customers to Hagerty, further increasing their returns on the investment. This investment by Confluence Investment Management LLC provides a great opportunity for Hagerty to continue to expand their customer base and explore new avenues for growth. With the right strategy and the right execution, this could be the first of many successful investments in the company.

Share Price

On Friday, Confluence Investment Management LLC made a major investment in Hagerty, Inc., despite news sentiment amongst investors that has been mostly negative in the lead up to this announcement. At the close of market trading, HAGERTY‘s stock opened at $8.6 and closed at the same price, representing a small 0.2% increase from the previous closing price of $8.6. While the news of this investment was met with some trepidation, it is clear that the long-term prospects of Hagerty are still in good stead. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Hagerty. More…

    Total Revenues Net Income Net Margin
    829.49 32.08 5.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Hagerty. More…

    Operations Investing Financing
    55.33 -91.52 -28.08
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Hagerty. More…

    Total Assets Total Liabilities Book Value Per Share
    1.31k 945.15 0.71
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Hagerty are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    27.8%
    FCF Margin ROE ROA
    1.3% 8.8% 0.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Hagerty Intrinsic Value Calculator

    At GoodWhale, we have conducted a thorough analysis of HAGERTY‘s wellbeing and our proprietary Valuation Line has determined the fair value of HAGERTY’s shares to be around $13.1. However, at the moment, HAGERTY stock is being traded at $8.6, which is a whopping 34.5% below its fair value. This makes it an attractive option for investors looking for a good deal. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Peers

    Hagerty Inc is an insurance company that specializes in classic cars. Its competitors are Progressive Corp, Atlas Financial Holdings Inc, and Mercury General Corp.

    – Progressive Corp ($NYSE:PGR)

    Progressive Corp is a publicly traded insurance company. The company offers a variety of insurance products, including auto, boat, and motorcycle insurance, as well as property and casualty insurance. Progressive also offers life, health, and pet insurance through its subsidiary, Progressive Direct. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio.

    – Atlas Financial Holdings Inc ($NYSE:MCY)

    Mercury General Corporation is an insurance holding company that, through its subsidiaries, engages in the insurance business. The company has a market cap of 1.58B as of 2022 and a Return on Equity of -16.66%. The company underwrites personal automobile insurance through a network of independent agents in California, Arizona, Florida, Georgia, Nevada, Oklahoma, New Mexico, and Texas.

    Summary

    Investors have recently been turning their attention to Hagerty, Inc. after Confluence Investment Management LLC announced their investment into the company in 2023. Overall, news sentiment around the company has been mostly negative, leading some analysts to be cautious about investing. That said, the company has recently seen some promising developments, such as an increase in revenue and a strong balance sheet.

    In addition, they have been actively expanding their customer base and growing their market share. Overall, while the short-term outlook is uncertain, Hagerty is a company that is worth monitoring as they continue to make strides in the competitive automotive industry.

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