Hippo Holdings Inc. (NYSE:HIPO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Hippo Holdings Inc. (NYSE:HIPO) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $38.3333.

A number of equities research analysts recently issued reports on the stock. Texas Capital raised shares of Hippo to a “strong-buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods upped their target price on shares of Hippo from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Finally, B. Riley Financial started coverage on shares of Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price target for the company.

Hippo Price Performance

NYSE:HIPO opened at $28.95 on Friday. The business’s 50-day moving average is $26.52 and its 200 day moving average is $27.86. Hippo has a 12 month low of $24.08 and a 12 month high of $38.98. The company has a market capitalization of $753.96 million, a P/E ratio of 6.70 and a beta of 1.49. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share for the quarter. The business had revenue of $120.40 million during the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%. On average, equities research analysts forecast that Hippo will post 0.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Torben Ostergaard sold 3,667 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $26.10, for a total transaction of $95,708.70. Following the sale, the chief executive officer owned 65,673 shares in the company, valued at approximately $1,714,065.30. This represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Mccathron sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the sale, the chief executive officer owned 590,433 shares of the company’s stock, valued at approximately $14,760,825. This represents a 0.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 18,667 shares of company stock worth $486,459. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Hippo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Hippo during the 4th quarter worth about $26,000. Altshuler Shaham Ltd raised its position in Hippo by 270.4% in the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 730 shares during the period. Quantbot Technologies LP purchased a new stake in Hippo in the 2nd quarter worth about $33,000. Torren Management LLC bought a new stake in Hippo in the fourth quarter worth about $55,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Hippo in the fourth quarter worth about $56,000. 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.