Hippo Holdings Inc. (NYSE:HIPO) Receives $37.50 Consensus PT from Brokerages

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

HIPO has been the topic of several recent analyst reports. Zacks Research raised shares of Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. JMP Securities set a $45.00 target price on shares of Hippo and gave the stock a “market outperform” rating in a research note on Tuesday, October 14th. Citigroup reissued an “outperform” rating on shares of Hippo in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price objective on Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hippo in a research note on Thursday, January 22nd.

Hippo Stock Up 2.5%

HIPO stock opened at $29.64 on Thursday. The business has a 50 day moving average of $30.66 and a 200 day moving average of $32.48. The firm has a market cap of $750.78 million, a PE ratio of 8.19 and a beta of 1.57. Hippo has a twelve month low of $19.92 and a twelve month high of $38.98. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11.

Hippo (NYSE:HIPO) last released its earnings results on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, topping 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 business had revenue of $120.60 million for the quarter, compared to the consensus estimate of $117.75 million. On average, research analysts forecast that Hippo will post -3.63 EPS for the current fiscal year.

Insider Activity at Hippo

In other Hippo news, CFO Guy Zeltser sold 1,819 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $32.16, for a total transaction of $58,499.04. Following the completion of the sale, the chief financial officer directly owned 68,860 shares in the company, valued at approximately $2,214,537.60. The trade was a 2.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer owned 452,704 shares of the company’s stock, valued at approximately $13,499,633.28. This trade represents a 1.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,719 shares of company stock worth $486,567 over the last quarter. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC increased its holdings in Hippo by 4.0% in the 3rd quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock worth $288,000 after acquiring an additional 310 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of 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 period. AlphaQuest LLC increased its stake in shares of Hippo by 109.5% in the third 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. SG Americas Securities LLC increased its stake in shares of Hippo by 11.7% in the fourth quarter. SG Americas Securities LLC now owns 10,135 shares of the company’s stock worth $305,000 after purchasing an additional 1,058 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Hippo during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

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.