Hagerty Management
Management criteria checks 4/4
Hagerty's CEO is McKeel Hagerty, appointed in Jan 2000, has a tenure of 24.92 years. total yearly compensation is $2.38M, comprised of 35.7% salary and 64.3% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth $13.37M. The average tenure of the management team and the board of directors is 2.4 years and 3 years respectively.
Key information
McKeel Hagerty
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 35.7% |
| CEO tenure | 24.9yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.4yrs |
| Board average tenure | 3yrs |
Recent management updates
Recent updates
The Price Is Right For Hagerty, Inc. (NYSE:HGTY)
Sep 13
Hagerty: An Overlooked, Fast Growing Niche Insurance Stock
Feb 20Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)
Nov 10Hagerty: Lacking Margin Expansions Warrant A Sell
Aug 26Greenhaven Road Capital - Hagerty: One Day Closer To State Farm
Aug 12Hagerty: Stuck In First Gear
Feb 12Hagerty appoints Patrick McClymont as CFO
Aug 23Hagerty to acquire Broad Arrow Group
Aug 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$20m |
| Jun 30 2024 | n/a | n/a | US$21m |
| Mar 31 2024 | n/a | n/a | US$15m |
| Dec 31 2023 | US$2m | US$850k | US$16m |
| Sep 30 2023 | n/a | n/a | -US$895k |
| Jun 30 2023 | n/a | n/a | US$10m |
| Mar 31 2023 | n/a | n/a | US$2m |
| Dec 31 2022 | US$34m | US$850k | US$32m |
| Sep 30 2022 | n/a | n/a | -US$15m |
| Jun 30 2022 | n/a | n/a | -US$30m |
| Mar 31 2022 | n/a | n/a | -US$12m |
| Dec 31 2021 | US$4m | US$840k | -US$46m |
| Sep 30 2021 | n/a | n/a | -US$6m |
| Jun 30 2021 | n/a | n/a | US$5m |
| Mar 31 2021 | n/a | n/a | -US$2m |
| Dec 31 2020 | US$3m | US$600k | US$10m |
Compensation vs Market: McKeel's total compensation ($USD2.38M) is below average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: McKeel's compensation has been consistent with company performance over the past year.
CEO
McKeel Hagerty (57 yo)
24.9yrs
Tenure
US$2,379,477
Compensation
Mr. McKeel O. Hagerty is Chief Executive Officer and President of Hagerty Insurance Agency, LLC. He is Director of The Hagerty Group, Inc. He is Venture Partner and Advisor of Huron River Venture Partners....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 24.9yrs | US$2.38m | 0.40% $ 13.4m | |
| Chief Financial Officer | 2.3yrs | US$2.27m | 0.061% $ 2.0m | |
| Principal Accounting Officer | 1.9yrs | no data | 0.011% $ 385.2k | |
| Chief Information Officer | less than a year | no data | 0.014% $ 473.4k | |
| Chief Human Resources Officer & Administrative Officer | 1.9yrs | US$3.26m | 0.014% $ 476.1k | |
| Senior Vice President of Investor Relations & Communications | 2.5yrs | no data | no data | |
| Chief Legal Officer & Corporate Secretary | 1.3yrs | no data | 0.038% $ 1.3m | |
| Senior Vice President of Hagerty Media | no data | no data | no data | |
| Chief Underwriting Officer | no data | no data | 0.11% $ 3.6m | |
| President of Marketplace & Radius | 2.9yrs | no data | 0.032% $ 1.1m | |
| Senior Vice President of Talent | 2.8yrs | no data | no data | |
| Senior Vice President of Commercial Partnerships | 2.8yrs | no data | no data |
2.4yrs
Average Tenure
54yo
Average Age
Experienced Management: HGTY's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 15.2yrs | US$2.38m | 0.40% $ 13.4m | |
| Head of UK & EU Consignments and Director of Broad Arrow Auctions | less than a year | no data | no data | |
| Independent Lead Director | 3yrs | US$191.00k | 0.48% $ 16.1m | |
| Independent Director | 4.5yrs | US$187.50k | 8.01% $ 268.4m | |
| Director | less than a year | no data | 0.0022% $ 74.4k | |
| Independent Director | 5.5yrs | US$186.25k | 0.021% $ 694.0k | |
| Independent Director | 3yrs | US$191.77k | 0.021% $ 694.0k | |
| Independent Director | 1.8yrs | US$166.46k | 0.011% $ 383.5k | |
| Independent Director | 5yrs | US$200.00k | 0.016% $ 548.8k | |
| Independent Director | 3yrs | US$187.50k | 0.021% $ 694.0k |
3.0yrs
Average Tenure
61yo
Average Age
Experienced Board: HGTY's board of directors are considered experienced (3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 02:55 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Hagerty, Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jamminder Bhullar | J.P. Morgan |
| Charles Gregory Peters | Raymond James & Associates |
| Mark Hughes | Truist Securities |