Hippo (NYSE:HIPO) Price Target Lowered to $30.00 at Keefe, Bruyette & Woods

Hippo (NYSE:HIPO) had its price target reduced by Keefe, Bruyette & Woods from $33.00 to $30.00 in a research note released on Tuesday,Benzinga reports. They currently have a market perform rating on the stock.

Several other equities analysts have also recently issued reports on HIPO. Weiss Ratings raised shares of Hippo from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, March 5th. Zacks Research raised shares of Hippo to a “hold” rating in a research note on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

Hippo Stock Down 1.4%

Shares of Hippo stock opened at $25.44 on Tuesday. Hippo has a 52-week low of $19.92 and a 52-week high of $38.98. The company has a 50 day moving average of $27.39 and a 200 day moving average of $31.02. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $660.55 million, a P/E ratio of 11.89 and a beta of 1.61.

Insider Buying and Selling at Hippo

In other Hippo news, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $25.86, for a total transaction of $129,300.00. Following the sale, the chief executive officer directly owned 615,650 shares in the company, valued at approximately $15,920,709. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Torben Ostergaard sold 6,105 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was 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. The trade was a 11.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,705 shares of company stock worth $625,284 over the last 90 days. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Hippo

Institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of Hippo by 149.6% in the 3rd quarter. Principal Financial Group Inc. now owns 70,791 shares of the company’s stock worth $2,560,000 after buying an additional 42,427 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Hippo in the 2nd quarter worth about $13,665,000. Huntleigh Advisors Inc. purchased a new stake in shares of Hippo in the 3rd quarter worth about $2,170,000. G2 Investment Partners Management LLC purchased a new stake in shares of Hippo in the 2nd quarter worth about $1,673,000. Finally, Boothbay Fund Management LLC boosted its position in shares of Hippo by 500.9% in the 3rd quarter. Boothbay Fund Management LLC now owns 60,795 shares of the company’s stock worth $2,198,000 after buying an additional 50,677 shares in the last quarter. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

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.