Keefe, Bruyette & Woods Lowers Hippo (NYSE:HIPO) Price Target to $33.00

Hippo (NYSE:HIPO) had its price objective cut by investment analysts at Keefe, Bruyette & Woods from $34.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 25.28% from the stock’s previous close.

Several other equities research analysts have also issued reports on HIPO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hippo in a research note on Thursday, January 22nd. Zacks Research raised Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.25.

Hippo Trading Down 3.0%

NYSE:HIPO opened at $26.34 on Friday. The company has a market cap of $667.19 million, a P/E ratio of 12.31 and a beta of 1.57. Hippo has a twelve month low of $19.92 and a twelve month high of $38.98. The business has a 50 day moving average price of $29.57 and a two-hundred day moving average price of $32.44. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11.

Insider Buying and Selling

In other news, CEO Richard Mccathron sold 5,000 shares of Hippo stock in a transaction on Monday, February 9th. The stock was sold at an average price of $29.14, for a total value of $145,700.00. Following the transaction, the chief executive officer owned 442,704 shares in the company, valued at approximately $12,900,394.56. This trade represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Stienstra sold 3,900 shares of Hippo stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $31.12, for a total value of $121,368.00. Following the sale, the insider directly owned 71,281 shares in the company, valued at $2,218,264.72. The trade was a 5.19% 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 25,605 shares of company stock worth $766,452. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Hippo

A number of hedge funds and other institutional investors have recently bought and sold shares of HIPO. Caitong International Asset Management Co. Ltd bought a new stake in Hippo in the 4th quarter worth about $26,000. XTX Topco Ltd purchased a new position in shares of Hippo in the fourth quarter worth about $391,000. Stoic Point Capital Management LLC bought a new stake in Hippo during the 4th quarter valued at $7,490,000. Tudor Investment Corp ET AL boosted its stake in Hippo by 30.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 34,616 shares of the company’s stock worth $1,041,000 after purchasing an additional 7,982 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in shares of Hippo in the fourth quarter worth $262,000. 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.