HGTY vs NODK

For growth investors, Hagerty, Inc.

(HGTY) is the stronger pick with 22. 2% revenue growth year-over-year, versus -12. 3% for NI Holdings, Inc. (NODK). Hagerty, Inc. (HGTY) offers the better valuation at 27. 2x trailing P/E (271. 2x forward), making it the more compelling value choice. Analysts rate Hagerty, Inc. (HGTY) a "Hold" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

Over the past 5 years, Hagerty, Inc.

(HGTY) delivered a total return of +3. 2%, compared to -31. 4% for NI Holdings, Inc. (NODK). Over 10 years, the gap is even starker: HGTY returned +3. 2% versus NODK's -13. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Hagerty, Inc.

(HGTY) is the lower-risk stock at 0. 46β versus NI Holdings, Inc. 's 0. 53β — meaning NODK is approximately 14% more volatile than HGTY relative to the S&P 500. On balance sheet safety, NI Holdings, Inc. (NODK) carries a lower debt/equity ratio of 1% versus 31% for Hagerty, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Hagerty, Inc.

(HGTY) is pulling ahead at 22. 2% versus -12. 3% for NI Holdings, Inc. (NODK). On earnings-per-share growth, the picture is similar: Hagerty, Inc. grew EPS 270. 0% year-over-year, compared to -308. 3% for NI Holdings, Inc.. Over a 3-year CAGR, HGTY leads at 20. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Hagerty, Inc.

(HGTY) is the more profitable company, earning 3. 4% net margin versus -3. 7% for NI Holdings, Inc. — meaning it keeps 3. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HGTY leads at 9. 6% versus -4. 3% for NODK. At the gross margin level — before operating expenses — HGTY leads at 80. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

In this comparison, HGTY (0.

2% yield) pays a dividend. NODK does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Hagerty, Inc.

(HGTY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 46)). Both have compounded well over 10 years (HGTY: +3. 2%, NODK: -13. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: HGTY is a small-cap high-growth stock; NODK is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.