Analysts Set Hippo Holdings Inc. (NYSE:HIPO) Target Price at $37.50

Shares of Hippo Holdings Inc. (NYSE:HIPO) have earned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $37.50.

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Keefe, Bruyette & Woods raised their price objective on Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 10th. JMP Securities set a $45.00 target price on Hippo and gave the stock a “market outperform” rating in a research note on Tuesday, October 14th. Wall Street Zen cut Hippo from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Citigroup restated an “outperform” rating on shares of Hippo in a research note on Tuesday, October 14th.

Hippo Stock Up 0.8%

Hippo stock opened at $31.51 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm has a market cap of $798.05 million, a P/E ratio of 8.70 and a beta of 1.57. The business has a fifty day moving average of $33.21 and a two-hundred day moving average of $31.84. Hippo has a twelve month low of $19.92 and a twelve month high of $38.98.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.04 by $0.66. Hippo had a negative return on equity of 5.89% and a net margin of 21.30%.The firm had revenue of $120.60 million during the quarter, compared to analyst estimates of $117.75 million. On average, analysts forecast that Hippo will post -3.63 earnings per share for the current fiscal year.

Insider Activity at Hippo

In other Hippo news, CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $29.82, for a total transaction of $149,100.00. Following the transaction, the chief executive officer owned 452,704 shares in the company, valued at approximately $13,499,633.28. This represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Guy Zeltser sold 1,819 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $32.16, for a total value of $58,499.04. Following the completion of the transaction, the chief financial officer directly owned 68,860 shares in the company, valued at approximately $2,214,537.60. The trade was a 2.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hippo

A number of large investors have recently bought and sold shares of the company. Intech Investment Management LLC raised its position in Hippo by 4.0% during the 3rd quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock worth $288,000 after buying an additional 310 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Hippo by 12.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock worth $125,000 after acquiring an additional 489 shares during the period. AlphaQuest LLC raised its holdings in shares of 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. Quantbot Technologies LP purchased a new stake in Hippo in the second quarter valued at $33,000. Finally, AQR Capital Management LLC grew its position in Hippo by 8.3% during the 1st quarter. AQR Capital Management LLC now owns 16,193 shares of the company’s stock worth $414,000 after purchasing an additional 1,236 shares during the period. Hedge funds and other institutional investors own 43.01% of the company’s stock.

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.