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

Shares of Hippo Holdings Inc. (NYSE:HIPOGet Free Report) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $38.3333.

Several equities analysts recently weighed in on the company. B. Riley Financial assumed coverage on Hippo in a research report on Friday, April 17th. They set a “buy” rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective 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 raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Zacks Research raised Hippo to a “hold” rating in a research report on Tuesday, March 3rd.

Check Out Our Latest Analysis on HIPO

Insider Activity

In related news, CEO Torben Ostergaard sold 6,105 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $28.57, for a total transaction of $174,419.85. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the transaction, the chief executive officer directly owned 604,212 shares of the company’s stock, valued at $16,374,145.20. This represents a 0.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,705 shares of company stock valued at $587,734 in the last three months. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Hippo

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIPO. Caitong International Asset Management Co. Ltd bought a new position in Hippo during the fourth quarter valued at about $26,000. Altshuler Shaham Ltd increased its stake in 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 acquiring an additional 730 shares during the period. Quantbot Technologies LP bought a new position in Hippo during the second quarter valued at about $33,000. AlphaQuest LLC increased its stake in 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 acquiring an additional 654 shares during the period. Finally, Torren Management LLC bought a new position in Hippo during the fourth quarter valued at about $55,000. 43.01% of the stock is currently owned by institutional investors.

Hippo Price Performance

Shares of NYSE:HIPO opened at $25.96 on Friday. Hippo has a fifty-two week low of $21.80 and a fifty-two week high of $38.98. The business has a 50-day moving average of $26.71 and a two-hundred day moving average of $29.59. The stock has a market capitalization of $675.92 million, a P/E ratio of 6.01 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.99 and a quick ratio of 0.99.

Hippo (NYSE:HIPOGet Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share 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 during the quarter. On average, equities research analysts predict that Hippo will post 1.03 EPS for the current fiscal year.

Hippo Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Hippo (NYSE:HIPO)

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