Hippo Holdings Inc. (NYSE:HIPO) Receives $37.67 Average PT from Analysts

Hippo Holdings Inc. (NYSE:HIPO) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $37.6667.

Several brokerages have issued reports on HIPO. B. Riley Financial initiated coverage on shares of Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price target on the stock. Zacks Research upgraded Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings upgraded Hippo from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Finally, Keefe, Bruyette & Woods dropped their price target on Hippo from $33.00 to $30.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th.

Insiders Place Their Bets

In other news, CEO Richard Mccathron sold 5,000 shares of Hippo stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $26.05, for a total transaction of $130,250.00. Following the completion of the sale, the chief executive officer directly owned 610,650 shares in the company, valued at $15,907,432.50. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Torben Ostergaard sold 6,105 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $28.57, for a total transaction of $174,419.85. Following the completion of the transaction, the chief executive officer directly owned 46,694 shares of the company’s stock, valued at approximately $1,334,047.58. This represents a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 21,705 shares of company stock worth $597,934. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Hippo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Hippo by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock worth $40,085,000 after purchasing an additional 55,394 shares during the period. Geode Capital Management LLC grew its position in shares of Hippo by 24.1% in the fourth quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock valued at $16,760,000 after purchasing an additional 108,359 shares during the period. Westerly Capital Management LLC grew its position in shares of Hippo by 24.3% in the fourth quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock valued at $12,634,000 after purchasing an additional 82,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Hippo by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 364,914 shares of the company’s stock valued at $10,977,000 after purchasing an additional 53,174 shares during the last quarter. Finally, Stoic Point Capital Management LLC acquired a new position in Hippo in the fourth quarter valued at $7,490,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

Hippo Stock Down 1.1%

Hippo stock opened at $28.50 on Tuesday. Hippo has a fifty-two week low of $19.92 and a fifty-two week high of $38.98. The firm has a market capitalization of $740.02 million, a price-to-earnings ratio of 13.32 and a beta of 1.61. The stock’s fifty day moving average is $26.97 and its two-hundred day moving average is $30.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94.

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.