Analysts Set Hippo Holdings Inc. (NYSE:HIPO) PT at $37.50

Hippo Holdings Inc. (NYSE:HIPO) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four 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 issued a report on the stock in the last year is $37.50.

Several brokerages have issued reports on HIPO. Weiss Ratings restated a “sell (d-)” rating on shares of Hippo in a research note on Wednesday, October 8th. JMP Securities set a $45.00 price objective on Hippo and gave the company a “market outperform” rating in a research note on Tuesday, October 14th. Zacks Research raised shares of Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Keefe, Bruyette & Woods lifted their target price on shares of Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 10th. Finally, Citigroup reissued an “outperform” rating on shares of Hippo in a research report on Tuesday, October 14th.

Insider Buying and Selling at Hippo

In related news, insider Michael Stienstra sold 3,900 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $31.12, for a total transaction of $121,368.00. Following the sale, the insider directly owned 71,281 shares in the company, valued at approximately $2,218,264.72. The trade was a 5.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Guy Zeltser sold 1,819 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $32.16, for a total value of $58,499.04. Following the sale, the chief financial officer directly owned 68,860 shares in the company, valued at $2,214,537.60. This trade represents a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,719 shares of company stock valued at $486,567 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hippo

Several hedge funds and other institutional investors have recently modified their holdings of HIPO. Intech Investment Management LLC boosted its position in shares of Hippo by 4.0% in the third quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock valued at $288,000 after acquiring an additional 310 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in Hippo by 12.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock worth $125,000 after acquiring an additional 489 shares during the period. AlphaQuest LLC lifted its stake in Hippo by 109.5% in the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after purchasing an additional 654 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Hippo by 11.7% in the 4th quarter. SG Americas Securities LLC now owns 10,135 shares of the company’s stock valued at $305,000 after purchasing an additional 1,058 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Hippo during the 2nd quarter valued at $33,000. 43.01% of the stock is currently owned by institutional investors.

Hippo Stock Performance

Shares of HIPO stock opened at $30.22 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $765.52 million, a price-to-earnings ratio of 8.35 and a beta of 1.57. Hippo has a 52 week low of $19.92 and a 52 week high of $38.98. The firm’s 50-day simple moving average is $31.65 and its two-hundred day simple moving average is $32.11.

Hippo (NYSE:HIPO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.66. The company had revenue of $120.60 million during the quarter, compared to analyst estimates of $117.75 million. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. As a group, equities analysts forecast that Hippo will post -3.63 earnings per share for the current year.

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.