First Brands Group debt targeted by Apollo Global Management - report
Hagerty Inc (HGTY) stock has reached a new 52-week high, hitting 12.04 USD. The company, with a market capitalization of $4.03 billion, has shown impressive momentum with a 20.57% gain over the past six months and a 22.07% return year-to-date. According to InvestingPro analysis, the stock appears undervalued despite its recent gains. The increase in stock price suggests growing investor confidence and positive market sentiment surrounding Hagerty’s business operations and future prospects, supported by robust revenue growth of 17.9%. As the company continues to navigate the competitive landscape, this new high serves as a testament to its resilience and potential for continued growth. Discover more insights and 8 additional ProTips about HGTY with an InvestingPro subscription, including exclusive access to comprehensive Pro Research Reports.
In other recent news, Hagerty Inc. reported its second-quarter earnings for 2025, showcasing a mixed financial performance. The company fell short of earnings per share expectations, posting $0.09 compared to the anticipated $0.11. However, Hagerty achieved a significant revenue milestone, generating $369 million, which surpassed the forecast of $293.87 million by 25.46%. In a separate development, Hagerty announced a secondary offering of 8.7 million shares of its Class A Common Stock. The shares are being offered by Hagerty Holding Corp. and Aldel LLC, with an option for underwriters to purchase an additional 1.3 million shares. Hagerty clarified that it will not receive any proceeds from this stock sale.
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