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

Hippo Holdings Inc. (NYSE:HIPO) has received an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $39.8333.

HIPO has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Hippo from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hippo in a research note on Friday, July 31st. B. Riley Financial reaffirmed a “buy” rating and set a $41.50 target price (up from $38.00) on shares of Hippo in a report on Monday. Finally, Texas Capital upgraded Hippo to a “strong-buy” rating in a research note on Tuesday, June 9th.

Insider Buying and Selling

In other Hippo news, CEO Torben Ostergaard sold 3,667 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $26.10, for a total transaction of $95,708.70. Following the sale, the chief executive officer owned 65,673 shares of the company’s stock, valued at approximately $1,714,065.30. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $28.53, for a total value of $142,650.00. Following the sale, the chief executive officer owned 585,433 shares in the company, valued at $16,702,403.49. This represents a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 20,336 shares of company stock worth $550,564. Corporate insiders own 4.48% of the company’s stock.

Institutional Investors Weigh In On Hippo

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Hippo by 5.3% during the third quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock valued at $40,085,000 after acquiring an additional 55,394 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hippo by 24.1% in the 4th quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock valued at $16,760,000 after purchasing an additional 108,359 shares during the period. Westerly Capital Management LLC lifted its stake in shares of Hippo by 24.3% in the 4th quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock valued at $12,634,000 after purchasing an additional 82,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hippo by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock valued at $10,291,000 after purchasing an additional 29,993 shares in the last quarter. Finally, Stoic Point Capital Management LLC boosted its position in shares of Hippo by 0.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock valued at $6,544,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 43.01% of the company’s stock.

Hippo Stock Down 1.8%

Shares of Hippo stock opened at $32.35 on Thursday. Hippo has a 1 year low of $24.08 and a 1 year high of $38.98. The business has a 50-day moving average of $27.68 and a two-hundred day moving average of $27.63. The company has a market capitalization of $842.37 million, a P/E ratio of 6.96 and a beta of 1.47. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.96. Hippo had a return on equity of 10.68% and a net margin of 23.92%.The business had revenue of $144.70 million for the quarter, compared to analysts’ expectations of $137.44 million. As a group, equities analysts predict that Hippo will post 0.95 EPS for the current 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.