Hippo (NYSE:HIPO) Price Target Raised to $35.00

Hippo (NYSE:HIPO) had its target price lifted by Keefe, Bruyette & Woods from $33.00 to $35.00 in a research note published on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other analysts also recently weighed in on HIPO. B. Riley Financial restated a “buy” rating and issued a $41.50 target price (up from $38.00) on shares of Hippo in a report on Monday, August 3rd. Texas Capital upgraded Hippo to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hippo in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Hippo has a consensus rating of “Moderate Buy” and an average target price of $40.50.

Hippo Trading Down 2.3%

Shares of HIPO stock opened at $32.62 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $849.42 million, a price-to-earnings ratio of 7.02 and a beta of 1.47. Hippo has a 12-month low of $24.08 and a 12-month high of $38.98. The stock’s 50-day moving average price is $27.96 and its 200-day moving average price is $27.69.

Hippo (NYSE:HIPO) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.96. The company had revenue of $144.70 million during the quarter, compared to analyst estimates of $137.44 million. Hippo had a return on equity of 10.68% and a net margin of 23.92%. Equities research analysts predict that Hippo will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Hippo news, CFO Guy Zeltser sold 1,669 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $30.98, for a total transaction of $51,705.62. Following the completion of the transaction, the chief financial officer owned 120,563 shares in the company, valued at $3,735,041.74. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $28.53, for a total value of $142,650.00. Following the transaction, the chief executive officer directly owned 585,433 shares in the company, valued at approximately $16,702,403.49. This represents a 0.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,336 shares of company stock valued at $550,564 in the last ninety days. 4.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hippo

A number of large investors have recently bought and sold shares of HIPO. Caitong International Asset Management Co. Ltd bought a new position in shares of Hippo in the fourth quarter worth about $26,000. Altshuler Shaham Ltd lifted 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 buying an additional 730 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Hippo in the 2nd quarter valued at about $33,000. Torren Management LLC purchased a new stake in Hippo in the 4th quarter valued at about $55,000. Finally, Kemnay Advisory Services Inc. bought a new position in Hippo in the 4th quarter worth about $56,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Hippo News Summary

Here are the key news stories impacting Hippo this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target for Hippo Holdings from $33 to $35 while maintaining a “market perform” rating. The new target implies limited upside from the stock’s recent level, suggesting the firm sees some potential but is not recommending aggressive buying. Benzinga analyst price target report
• Neutral Sentiment: Several articles about a hippo charging and chasing a tourist boat in Botswana are unrelated to Hippo Holdings’ insurance business and should not affect the investment outlook. People.com hippo boat incident MSN hippo boat incident
• Neutral Sentiment: Reports about a pygmy hippo calf born at the Toronto Zoo and coverage of Colombia’s invasive hippo population likewise have no apparent connection to Hippo Holdings or its financial performance. Toronto Zoo pygmy hippo birth Colombian hippo population report

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.