Hippo Holdings Inc. (HIPO) – What Are Researchers Saying About This Stock?

Shares of Hippo Holdings Inc. (NYSE:HIPO) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $43.50.

HIPO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Hippo from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday. Zacks Research cut Hippo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Wall Street Zen raised shares of Hippo from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Hippo in a research report on Thursday, October 29th. Finally, B. Riley Financial reaffirmed a “buy” rating and set a $50.00 price target (up from $41.50) on shares of Hippo in a report on Friday, October 30th.

More Hippo News

Here are the key news stories impacting Hippo this week:

• Positive Sentiment: A Keefe, Bruyette & Woods analyst said Hippo’s stock is expected to rise, providing a bullish analyst signal. The headline does not specify a price target or the reasoning behind the forecast. Hippo stock price expected to rise, analyst says
• Neutral Sentiment: Most other recent headlines refer to wildlife stories involving hippos, not Hippo Holdings, and therefore do not appear to provide company-specific information affecting HIPO shares.

Hippo Stock Performance

Hippo stock opened at $34.91 on Friday. The stock has a fifty day moving average of $33.81 and a two-hundred day moving average of $29.58. The company has a market capitalization of $921.14 million, a price-to-earnings ratio of 28.85 and a beta of 1.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96. Hippo has a fifty-two week low of $24.08 and a fifty-two week high of $39.39.

Insider Buying and Selling

In other Hippo news, CEO Richard McCathron sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $34.18, for a total value of $170,900.00. Following the sale, the chief executive officer owned 562,132 shares in the company, valued at $19,213,671.76. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Torben Ostergaard sold 1,169 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $35.03, for a total transaction of $40,950.07. Following the transaction, the chief executive officer directly owned 60,655 shares in the company, valued at $2,124,744.65. This trade represents a 1.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,338 shares of company stock worth $571,577 over the last quarter. 4.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Hippo by 17.8% in the second quarter. BlackRock Inc. now owns 1,498,306 shares of the company’s stock valued at $42,342,000 after buying an additional 226,533 shares in the last quarter. State Street Corp increased its position in Hippo by 9.1% during the second quarter. State Street Corp now owns 443,716 shares of the company’s stock worth $12,539,000 after acquiring an additional 37,097 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Hippo by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock worth $10,291,000 after buying an additional 29,993 shares in the last quarter. Stoic Point Capital Management LLC grew its holdings in shares of Hippo by 0.8% during the first quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock valued at $6,544,000 after buying an additional 2,100 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Hippo by 25.4% during the 1st quarter. Sei Investments Co. now owns 161,440 shares of the company’s stock worth $4,207,000 after acquiring an additional 32,728 shares during the period. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Hippo Company Profile

Hippo Holdings Inc is a technology-focused insurance company that provides home insurance and related services to homeowners in the United States. Operating under the Hippo brand, the company uses digital tools, data analytics and a streamlined online experience to help customers obtain coverage, manage policies and receive support.

Hippo’s offerings are designed to protect residential properties and personal belongings against covered risks, while also emphasizing proactive home protection.