Hippo Holdings Inc. (NYSE:HIPO) Given Average Rating of “Moderate Buy” by Analysts

Shares of Hippo Holdings Inc. (NYSE:HIPO) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $38.3333.

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods raised their price target on Hippo from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. B. Riley Financial assumed coverage on Hippo in a research report on Friday, April 17th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Zacks Research upgraded Hippo to a “hold” rating in a research report on Tuesday, March 3rd.

Insider Transactions at Hippo

In other Hippo news, CEO Torben Ostergaard sold 3,667 shares of Hippo stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $26.10, for a total value of $95,708.70. Following the transaction, the chief executive officer owned 65,673 shares in the company, valued at $1,714,065.30. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard Mccathron sold 5,000 shares of Hippo stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $27.10, for a total value of $135,500.00. Following the sale, the chief executive officer directly owned 604,212 shares in the company, valued at $16,374,145.20. The trade was a 0.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 13,667 shares of company stock worth $361,459. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Hippo

A number of hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in shares of Hippo by 4.0% during the third quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock valued at $288,000 after purchasing an additional 310 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Hippo by 109.5% during the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after purchasing an additional 654 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 730 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Hippo by 1.2% during the fourth quarter. Deutsche Bank AG now owns 60,005 shares of the company’s stock valued at $1,805,000 after purchasing an additional 736 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Hippo by 5.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 16,420 shares of the company’s stock valued at $494,000 after purchasing an additional 812 shares in the last quarter. 43.01% of the stock is owned by institutional investors and hedge funds.

Hippo Stock Up 1.0%

Shares of NYSE HIPO opened at $24.78 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.99. Hippo has a 52 week low of $24.08 and a 52 week high of $38.98. The stock has a market capitalization of $645.17 million, a P/E ratio of 5.74 and a beta of 1.51. The stock’s fifty day moving average is $26.60 and its 200 day moving average is $28.46.

Hippo (NYSE:HIPO) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 EPS for the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%.The company had revenue of $120.40 million for the quarter. Sell-side analysts forecast that Hippo will post 1.03 earnings per share for the current fiscal year.

Hippo Company Profile

Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo’s policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.

Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.