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

Shares of Hippo Holdings Inc. (NYSE:HIPO) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $37.50.

A number of research analysts have recently commented on HIPO shares. Citigroup reaffirmed an “outperform” rating on shares of Hippo in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price target on Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, December 10th. JMP Securities set a $45.00 price objective on Hippo and gave the stock a “market outperform” rating in a report on Tuesday, October 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Hippo in a research report on Wednesday, October 8th. Finally, Zacks Research raised Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th.

Insider Activity

In other Hippo news, CFO Guy Zeltser sold 1,819 shares of Hippo stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $32.16, for a total transaction of $58,499.04. Following the sale, the chief financial officer directly owned 68,860 shares of the company’s stock, valued at approximately $2,214,537.60. The trade was a 2.57% 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, insider Michael Stienstra sold 3,900 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $31.12, for a total value of $121,368.00. Following the completion of the sale, the insider owned 71,281 shares in the company, valued at approximately $2,218,264.72. This represents a 5.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 15,719 shares of company stock worth $486,567. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Hippo

Several hedge funds have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Hippo in the 2nd quarter worth approximately $33,000. AlphaQuest LLC raised its position in Hippo by 109.5% in the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after purchasing an additional 654 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hippo in the third quarter worth $125,000. Strs Ohio bought a new stake in shares of Hippo during the third quarter worth $159,000. Finally, 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 valued at $125,000 after buying an additional 489 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Stock Performance

Shares of NYSE HIPO opened at $30.39 on Friday. Hippo has a 12 month low of $19.92 and a 12 month high of $38.98. The company has a market cap of $769.73 million, a P/E ratio of 8.39 and a beta of 1.57. The business’s 50 day moving average is $31.35 and its two-hundred day moving average is $32.14. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11.

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

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.