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

Shares of Hippo Holdings Inc. (NYSE:HIPO) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $38.3333.

A number of research firms recently commented on HIPO. Weiss Ratings raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Zacks Research raised Hippo to a “hold” rating in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods lifted their target price on Hippo from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Finally, B. Riley Financial began coverage on Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 target price for the company.

Hippo Price Performance

Hippo stock opened at $24.78 on Wednesday. The stock’s 50 day moving average is $26.60 and its 200 day moving average is $28.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $645.17 million, a P/E ratio of 5.74 and a beta of 1.51. Hippo has a one year low of $24.08 and a one year high of $38.98.

Hippo (NYSE:HIPO) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.67 EPS for the quarter. The company 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%. As a group, research analysts expect that Hippo will post 1.03 EPS for the current year.

Insider Buying and Selling

In other Hippo news, CEO Torben Ostergaard sold 3,667 shares of Hippo 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 completion of the sale, the chief executive officer directly owned 65,673 shares in the company, valued at approximately $1,714,065.30. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Mccathron sold 5,000 shares of Hippo stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the sale, the chief executive officer owned 604,212 shares of the company’s stock, valued at approximately $16,374,145.20. The trade was a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 13,667 shares of company stock valued at $361,459. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hippo

Several hedge funds and other institutional investors have recently modified their holdings of HIPO. Stoic Point Capital Management LLC bought a new stake in shares of Hippo during the fourth quarter valued at approximately $7,490,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Hippo during the third quarter valued at approximately $5,842,000. Geode Capital Management LLC increased its holdings in shares of Hippo by 24.1% during the fourth quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock valued at $16,760,000 after acquiring an additional 108,359 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Hippo during the second quarter valued at approximately $2,810,000. Finally, Nuveen LLC increased its holdings in shares of Hippo by 238.6% during the fourth quarter. Nuveen LLC now owns 140,527 shares of the company’s stock valued at $4,227,000 after acquiring an additional 99,020 shares in the last quarter. Institutional investors own 43.01% of the company’s stock.

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.