Analysts Set Hippo Holdings Inc. (NYSE:HIPO) PT at $38.33

Hippo Holdings Inc. (NYSE:HIPO) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $38.6667.

A number of research firms have recently issued reports on HIPO. Weiss Ratings raised shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods increased their target price on Hippo from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday. B. Riley Financial started coverage on Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Texas Capital upgraded Hippo to a “strong-buy” rating in a research report on Tuesday, June 9th.

Hippo Price Performance

Shares of NYSE HIPO traded down $0.07 during midday trading on Friday, hitting $28.84. 84,311 shares of the company’s stock were exchanged, compared to its average volume of 166,725. Hippo has a 12-month low of $24.08 and a 12-month high of $38.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11. The company has a market cap of $30.00 million, a price-to-earnings ratio of 6.68 and a beta of 1.49. The business’s fifty day moving average price is $26.52 and its two-hundred day moving average price is $27.78.

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

Insider Activity at Hippo

In other Hippo news, CEO Torben Ostergaard sold 3,667 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $26.10, for a total transaction of $95,708.70. Following the transaction, the chief executive officer directly owned 65,673 shares in the company, valued at $1,714,065.30. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the sale, the chief executive officer directly owned 590,433 shares of the company’s stock, valued at $14,760,825. This trade represents a 0.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 13,667 shares of company stock valued at $356,209. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC boosted its holdings in shares of Hippo by 4.0% during 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 period. Altshuler Shaham Ltd increased its holdings in 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 purchasing an additional 730 shares during the period. Deutsche Bank AG raised its position in Hippo by 1.2% during the 4th 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 during the last quarter. Balyasny Asset Management L.P. raised its position in Hippo by 5.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 16,420 shares of the company’s stock valued at $494,000 after purchasing an additional 812 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Hippo by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,588 shares of the company’s stock worth $740,000 after buying an additional 834 shares during the period. 43.01% of the stock is owned by institutional investors.

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.