Hagerty jumps after smaller-than-expected Q2 loss, annual outlook boost
05/08/2026 16:28
BUZZ-Hagerty jumps after smaller-than-expected Q2 loss, annual outlook boost ** Shares of Hagerty HGTY.N, which provides insurance for classic cars, boats, and motorcycles, jump as much as 15.1%, hitting their highest since January
** Stock last up 14% at $13.37
** HGTY posted smaller-than-expected loss in Q2 and increased its full-year outlook for total written premium, revenue, and net income
** First half of 2026 has been the best in Hagerty's history - CEO McKeel Hagerty
** J.P. Morgan analyst Pablo Singzon says results were robust, marked by healthy revenues and strong growth trends
** Three of eight brokerages rate the stock "buy" or higher, four "hold" and one "sell"; median PT $14 - data compiled by LSEG
** As of last close, HGTY stock down 12.8% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
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