Baldwin Insurance Group (BWIN) vs Hagerty (HGTY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Hagerty (HGTY) has outperformed Baldwin Insurance Group (BWIN) over the past year, gaining 17.0% versus a gain of 9.8%. Over five years, HGTY leads with a +38.7% price change compared with -17.2% for BWIN. Hagerty is the larger company by market cap ($4.79 billion vs $4.47 billion), about 1.1 times the size.
On valuation, Baldwin Insurance Group trades at a lower forward P/E (12.8x vs 23.8x for Hagerty). Hagerty converts more of its revenue into profit, with a net margin of 10.2% versus -2.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BWIN | HGTY |
|---|---|---|
| Share price | $31.81 | $13.93 |
| Market cap | $4.47B | $4.79B |
| 1-day change | -0.06% | +0.72% |
| YTD return | +32.38% | +3.65% |
| 1-year return | +9.84% | +16.96% |
| 5-year return | -17.20% | +38.75% |
| P/E ratio (TTM) | — | 126.64 |
| Forward P/E | 12.83 | 23.79 |
| EPS (TTM) | $-1.04 | $0.11 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.50B | $1.46B |
| Revenue growth (YoY) | +8.34% | +17.31% |
| Net income (latest FY) | $-33.81M | $149.22M |
| Operating margin | 4.91% | — |
| Net margin | -2.25% | 10.25% |
| 52-week high | $32.71 | $14.17 |
| 52-week low | $15.88 | $9.36 |
| Distance from 52-week high | -2.74% | -1.69% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +3.49% | +4.09% |
| Average volume | 2.47M | 335.83K |
| Shares outstanding | 97.62M | 111.32M |
| Employees | 5,000 | 1,891 |
| Sector | Finance | Finance |
| Industry | Specialty Insurers | Specialty Insurers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Hagerty is more profitable, keeping 10.2 cents of every revenue dollar as net income versus -2.2 cents for Baldwin Insurance Group.
- Hagerty grew revenue faster in its latest fiscal year (+17.31% vs +8.34%).
About Baldwin Insurance Group
BWIN stock →The Baldwin Insurance Group, Inc. operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States.
Finance · Specialty Insurers · 5,000 employees
About Hagerty
HGTY stock →Hagerty, Inc. provides insurance services for collector cars and enthusiast vehicles in the United States, Canada, and the United Kingdom.
Finance · Specialty Insurers · 1,891 employees
BWIN vs HGTY FAQ
Which is bigger, Baldwin Insurance Group or Hagerty?
Hagerty (HGTY) is larger, with a market capitalization of $4.79B compared with $4.47B for Baldwin Insurance Group (BWIN).
Which stock has performed better over the past year, BWIN or HGTY?
HGTY returned +16.96% over the past 12 months, compared with +9.84% for BWIN (price return, excluding dividends). Past performance does not predict future results.
Are Baldwin Insurance Group and Hagerty in the same industry?
Yes. Both are classified in the Specialty Insurers industry within the Finance sector.