Brokerages Set Hippo Holdings Inc. (NYSE:HIPO) PT at $38.33

Hippo Holdings Inc. (NYSE:HIPO) has received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $38.3333.

HIPO has been the topic of a number of recent analyst reports. Weiss Ratings raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods boosted 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. B. Riley Financial initiated coverage on Hippo in a research report on Friday, April 17th. They set a “buy” rating and a $38.00 price target on the stock. Zacks Research raised Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Texas Capital raised Hippo to a “strong-buy” rating in a research report on Tuesday, June 9th.

Insider Activity at Hippo

In other news, CEO Torben Ostergaard sold 3,667 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,714,065.30. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders sold 18,667 shares of company stock worth $486,459 in the last ninety days. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hippo

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Hippo in the fourth quarter valued at approximately $26,000. Altshuler Shaham Ltd lifted its stake in Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 730 shares during the last quarter. Quantbot Technologies LP bought a new stake in Hippo during the second quarter worth $33,000. AlphaQuest LLC lifted its stake in Hippo by 109.5% during the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after purchasing an additional 654 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Hippo during the fourth quarter worth $55,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Price Performance

Shares of NYSE HIPO opened at $25.52 on Wednesday. The business’s 50 day moving average price is $26.58 and its two-hundred day moving average price is $28.31. The company has a market cap of $26.54 million, a PE ratio of 5.91 and a beta of 1.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11. Hippo has a twelve month low of $24.08 and a twelve month high of $38.98.

Hippo (NYSE:HIPO) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share for the quarter. The firm had revenue of $120.40 million for the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%. On average, analysts predict that Hippo will post 1.03 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.