Hippo (NYSE:HIPO) Raised to “Hold” at Zacks Research

Hippo (NYSE:HIPO) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on HIPO. Weiss Ratings reissued a “sell (d-)” rating on shares of Hippo in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, December 10th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.50.

Hippo Trading Down 3.5%

NYSE:HIPO traded down $0.97 during trading hours on Tuesday, reaching $27.10. The company’s stock had a trading volume of 83,497 shares, compared to its average volume of 143,578. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $686.44 million, a price-to-earnings ratio of 12.66 and a beta of 1.57. The firm has a 50-day simple moving average of $29.75 and a 200-day simple moving average of $32.50. Hippo has a 1 year low of $19.92 and a 1 year high of $38.98.

Insider Activity at Hippo

In other news, CEO Torben Ostergaard sold 6,105 shares of Hippo stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.57, for a total transaction of $174,419.85. Following the sale, the chief executive officer owned 46,694 shares of the company’s stock, valued at approximately $1,334,047.58. The trade was a 11.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Stienstra sold 3,900 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $31.12, for a total transaction of $121,368.00. Following the transaction, the insider owned 71,281 shares in the company, valued at $2,218,264.72. This represents a 5.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,605 shares of company stock worth $766,452 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Hippo

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Hippo in the 4th quarter worth approximately $26,000. XTX Topco Ltd purchased a new stake in Hippo in the fourth quarter worth $391,000. Stoic Point Capital Management LLC purchased a new stake in Hippo in the fourth quarter worth $7,490,000. Tudor Investment Corp ET AL raised its holdings in Hippo by 30.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 34,616 shares of the company’s stock worth $1,041,000 after purchasing an additional 7,982 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Hippo during the fourth quarter valued at $262,000. 43.01% of the stock is owned by institutional investors.

About Hippo

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.