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Hagerty shares rise on strong premium growth and raised guidance despite GAAP distortions

Analyst Insights
23 Sep 2026
Seeking Alpha
View Source
Bullish
Hagerty shares rise on strong premium growth and raised guidance despite GAAP distortions

Hagerty is rated a buy as it shows accelerating business fundamentals with 19% growth in written premiums and a 32% rise in adjusted EBITDA to $160 million in the first half of the year. Management has raised full-year guidance twice, indicating strong momentum despite GAAP accounting distortions caused by a reinsurance transition. These GAAP effects are expected to normalize by 2027, making premium growth, policies in force, and adjusted EBITDA key metrics to watch. The stock is attractively valued compared to its sector, with expected earnings growth likely to improve its valuation further once accounting noise clears.

Hagerty shows a 32% rise in adjusted EBITDA to $160 million in H1 2026, signaling strong business momentum. For readers following the Financials sector, here is Pluang's market snapshot as of Sep 23, 2026 17:51 WIB: out of 83 priced US Financials stocks, 53 rose and 25 fell. Notable movers include Franklin Resources (BEN) at USD 33.99 with a 2.60% increase, Carlyle Group (CG) at USD 41.06 with 2.06% gain and 100% buy order activity, and PayPal (PYPL) at USD 53.82 up 1.76% with 90% buy orders.

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