Hippo (NYSE:HIPO) Upgraded at Zacks Research

Zacks Research upgraded shares of Hippo (NYSE:HIPO) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also recently commented on HIPO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hippo in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price objective on Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 10th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.50.

Hippo Stock Performance

Shares of NYSE HIPO opened at $27.12 on Tuesday. Hippo has a 12-month low of $19.92 and a 12-month high of $38.98. The firm has a market capitalization of $687.09 million, a price-to-earnings ratio of 12.67 and a beta of 1.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $29.67 and a 200 day moving average of $32.46.

Insider Buying and Selling

In other news, CEO Torben Ostergaard sold 6,105 shares of Hippo 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 sale, the chief executive officer owned 46,694 shares in the company, valued at $1,334,047.58. This trade represents a 11.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $29.14, for a total transaction of $145,700.00. Following the completion of the transaction, the chief executive officer directly owned 442,704 shares in the company, valued at $12,900,394.56. This trade represents a 1.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 25,605 shares of company stock worth $766,452. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Hippo

Several hedge funds have recently bought and sold shares of HIPO. Intech Investment Management LLC increased its holdings in shares of Hippo by 4.0% in the third quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock worth $288,000 after purchasing an additional 310 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in Hippo by 12.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock worth $125,000 after acquiring an additional 489 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Hippo by 109.5% during the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after acquiring an additional 654 shares in the last quarter. Altshuler Shaham Ltd boosted its position in shares of Hippo by 270.4% during the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock valued at $30,000 after acquiring an additional 730 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Hippo by 1.2% in the fourth quarter. Deutsche Bank AG now owns 60,005 shares of the company’s stock valued at $1,805,000 after purchasing an additional 736 shares in the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Hippo Company Profile

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.