Hippo Holdings Inc. (NYSE:HIPO) Receives $37.25 Consensus PT from Brokerages

Hippo Holdings Inc. (NYSE:HIPO) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $37.25.

A number of equities analysts recently weighed in on HIPO shares. Zacks Research upgraded shares of Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods reduced their price target on shares of Hippo from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings upgraded shares of Hippo from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th.

Insider Transactions at Hippo

In other news, CEO Richard Mccathron sold 5,000 shares of Hippo stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $25.86, for a total value of $129,300.00. Following the sale, the chief executive officer directly owned 615,650 shares of the company’s stock, valued at approximately $15,920,709. The trade was a 0.81% 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 Torben Ostergaard sold 6,105 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $28.57, for a total value of $174,419.85. Following the completion of the sale, the chief executive officer owned 46,694 shares in the company, valued at $1,334,047.58. This represents a 11.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 21,705 shares of company stock valued at $625,284. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Hippo

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Hippo by 8.3% in the first quarter. AQR Capital Management LLC now owns 16,193 shares of the company’s stock valued at $414,000 after purchasing an additional 1,236 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in 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 worth $125,000 after purchasing an additional 489 shares during the last quarter. Entropy Technologies LP purchased a new stake in Hippo during the second quarter valued at $237,000. JPMorgan Chase & Co. raised its stake in Hippo by 30.5% during the second quarter. JPMorgan Chase & Co. now owns 208,472 shares of the company’s stock valued at $5,823,000 after purchasing an additional 48,677 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Hippo by 6.3% during the second quarter. American Century Companies Inc. now owns 43,417 shares of the company’s stock valued at $1,213,000 after purchasing an additional 2,588 shares during the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.

Hippo Trading Up 0.4%

Shares of HIPO opened at $25.41 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 1 year low of $19.92 and a 1 year high of $38.98. The company has a 50 day simple moving average of $28.10 and a two-hundred day simple moving average of $31.59. The firm has a market cap of $659.87 million, a P/E ratio of 11.87 and a beta of 1.57.

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.