Hippo Holdings Inc. (HIPO) – What Are Analysts Saying About This Stock?

Hippo Holdings Inc. (NYSE:HIPO) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $43.50.

A number of research analysts recently issued reports on HIPO shares. Wall Street Zen upgraded shares of Hippo from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Hippo in a research report on Thursday, October 29th. Keefe, Bruyette & Woods increased their target price on shares of Hippo from $35.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday. B. Riley Financial reiterated a “buy” rating and issued a $50.00 target price (up from $41.50) on shares of Hippo in a research report on Friday, October 30th. Finally, Zacks Research cut shares of Hippo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd.

Insider Transactions at Hippo

In other news, CEO Richard McCathron sold 5,000 shares of Hippo stock in a transaction on Friday, October 9th. The shares were sold at an average price of $34.18, for a total transaction of $170,900.00. Following the transaction, the chief executive officer owned 562,132 shares in the company, valued at approximately $19,213,671.76. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Torben Ostergaard sold 1,169 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $35.03, for a total transaction of $40,950.07. Following the transaction, the chief executive officer owned 60,655 shares of the company’s stock, valued at approximately $2,124,744.65. The trade was a 1.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,338 shares of company stock valued at $571,577 in the last ninety days. 4.48% of the stock is owned by company insiders.

Institutional Trading of Hippo

A number of hedge funds have recently bought and sold shares of the stock. State of Wyoming grew its stake in Hippo by 164.0% during the 3rd quarter. State of Wyoming now owns 22,879 shares of the company’s stock valued at $704,000 after acquiring an additional 14,213 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Hippo by 306.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,894 shares of the company’s stock valued at $120,000 after buying an additional 2,935 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Hippo in the third quarter valued at approximately $31,000. State Street Corp raised its holdings in shares of Hippo by 9.1% during the second quarter. State Street Corp now owns 443,716 shares of the company’s stock worth $12,539,000 after acquiring an additional 37,097 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in Hippo by 90.5% in the second quarter. Citadel Advisors LLC now owns 140,734 shares of the company’s stock worth $3,977,000 after purchasing an additional 66,863 shares during the period. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Hippo News Summary

Here are the key news stories impacting Hippo this week:

• Positive Sentiment: A Keefe, Bruyette & Woods analyst said Hippo’s stock is expected to rise, providing a bullish analyst signal. The headline does not specify a price target or the reasoning behind the forecast. Hippo stock price expected to rise, analyst says
• Neutral Sentiment: Most other recent headlines refer to wildlife stories involving hippos, not Hippo Holdings, and therefore do not appear to provide company-specific information affecting HIPO shares.

Hippo Stock Performance

Shares of HIPO stock opened at $34.91 on Friday. Hippo has a 12 month low of $24.08 and a 12 month high of $39.39. The firm has a market cap of $921.14 million, a PE ratio of 28.85 and a beta of 1.60. The company’s fifty day simple moving average is $33.81 and its 200-day simple moving average is $29.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10.

About Hippo

Hippo Holdings Inc is a technology-focused insurance company that provides home insurance and related services to homeowners in the United States. Operating under the Hippo brand, the company uses digital tools, data analytics and a streamlined online experience to help customers obtain coverage, manage policies and receive support.

Hippo’s offerings are designed to protect residential properties and personal belongings against covered risks, while also emphasizing proactive home protection.