Hippo (NYSE:HIPO) Given New $33.00 Price Target at Keefe, Bruyette & Woods

Hippo (NYSE:HIPO) had its price target reduced by stock analysts at Keefe, Bruyette & Woods from $34.00 to $33.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 21.68% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hippo in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Hippo to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.25.

Hippo Stock Performance

Shares of NYSE HIPO opened at $27.12 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. Hippo has a one year low of $19.92 and a one year high of $38.98. The business’s 50-day moving average price is $29.67 and its two-hundred day moving average price is $32.46. The company has a market capitalization of $687.09 million, a P/E ratio of 12.67 and a beta of 1.57.

Insider Buying and Selling

In other news, insider Michael Stienstra sold 3,900 shares of Hippo stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $31.12, for a total value of $121,368.00. Following the transaction, the insider directly owned 71,281 shares in the company, valued at approximately $2,218,264.72. The trade was a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $29.14, for a total value of $145,700.00. Following the transaction, the chief executive officer directly owned 442,704 shares of the company’s stock, valued at $12,900,394.56. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 25,605 shares of company stock valued at $766,452. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HIPO. Caitong International Asset Management Co. Ltd bought a new stake in shares of Hippo in the fourth quarter valued at approximately $26,000. Altshuler Shaham Ltd increased its position in Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares during the period. Quantbot Technologies LP acquired a new position in Hippo during the 2nd quarter valued at $33,000. AlphaQuest LLC boosted its holdings 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 period. Finally, Torren Management LLC bought a new stake in Hippo in the 4th quarter valued at $55,000. 43.01% of the stock is owned by institutional investors.

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.