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

Shares of Hippo Holdings Inc. (NYSE:HIPO) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $37.50.

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

Insider Transactions at Hippo

In related 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 value of $149,100.00. Following the transaction, the chief executive officer directly owned 452,704 shares in the company, valued at approximately $13,499,633.28. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Stienstra sold 3,900 shares of the firm’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 transaction of $121,368.00. Following the completion of the sale, the insider directly owned 71,281 shares in the company, valued at $2,218,264.72. This represents a 5.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 15,719 shares of company stock valued at $486,567. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in Hippo in the second quarter valued at $33,000. AlphaQuest LLC boosted its holdings in shares of Hippo by 109.5% in the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after purchasing an additional 654 shares in the last quarter. Torren Management LLC bought a new position in shares of Hippo during the 4th quarter valued at about $55,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hippo during the 4th quarter valued at about $71,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Hippo during the 3rd quarter valued at about $125,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Hippo Stock Down 1.3%

Shares of NYSE HIPO opened at $29.82 on Thursday. Hippo has a 52 week low of $19.92 and a 52 week high of $38.98. The business has a 50-day simple moving average of $30.80 and a two-hundred day simple moving average of $32.44. 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 company has a market cap of $755.34 million, a P/E ratio of 8.24 and a beta of 1.57.

Hippo (NYSE:HIPO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.70 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $117.75 million. Research analysts anticipate that Hippo will post -3.63 earnings per share for the current fiscal 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.