Hippo Holdings Inc. (NYSE:HIPO) Stock Has Consensus Target Price of $40.50 According to Brokerages

Shares of Hippo Holdings Inc. (NYSE:HIPO) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $38.25.

Several equities analysts have weighed in on HIPO shares. B. Riley Financial reaffirmed a “buy” rating and set a $41.50 target price (up from $38.00) on shares of Hippo in a research note on Monday, August 3rd. Zacks Research lowered shares of Hippo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Hippo in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th.

Insider Buying and Selling at Hippo

In other Hippo news, CFO Guy Zeltser sold 1,669 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $30.98, for a total value of $51,705.62. Following the transaction, the chief financial officer owned 120,563 shares in the company, valued at approximately $3,735,041.74. This represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Torben Ostergaard sold 1,169 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $35.03, for a total transaction of $40,950.07. Following the completion of the sale, the chief executive officer owned 60,655 shares of the company’s stock, valued at approximately $2,124,744.65. The trade was a 1.89% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 19,007 shares of company stock worth $623,283. 4.48% of the stock is currently owned by company insiders.

Institutional Trading of Hippo

A number of institutional investors have recently bought and sold shares of HIPO. Caitong International Asset Management Co. Ltd acquired a new position in Hippo in the fourth quarter worth approximately $26,000. State of Alaska Department of Revenue acquired a new stake in Hippo in the third quarter valued at approximately $31,000. Public Employees Retirement System of Ohio bought a new position in shares of Hippo during the 2nd quarter valued at $178,000. State of Wyoming raised its holdings in shares of Hippo by 22.9% during the 2nd quarter. State of Wyoming now owns 8,666 shares of the company’s stock valued at $245,000 after purchasing an additional 1,612 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Hippo during the 1st quarter valued at $253,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Stock Performance

Shares of HIPO stock opened at $35.53 on Tuesday. Hippo has a 1-year low of $24.08 and a 1-year high of $38.72. 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 company has a market capitalization of $937.53 million, a price-to-earnings ratio of 7.64 and a beta of 1.55. The stock’s fifty day simple moving average is $32.71 and its 200-day simple moving average is $29.37.

Hippo (NYSE:HIPO) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.96. The firm had revenue of $144.70 million for 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%. On average, sell-side analysts predict that Hippo will post 1.50 earnings per share for the current fiscal year.

Hippo Company Profile

Hippo Holdings Inc is a technology-focused property and casualty insurance company that provides homeowners insurance and related services in the United States. The company combines digital insurance tools, data analytics and home-monitoring technology to simplify the process of obtaining coverage and managing a policy.

Hippo’s offerings are centered on homeowners insurance, including coverage for residential property, personal belongings, liability and additional living expenses. Through its home protection platform, the company also provides resources and services intended to help customers identify and address potential risks before they lead to costly losses, such as water leaks, fire hazards and other property-related issues.

Founded in 2015 by Assaf Wand and Eyal Navon, Hippo became a publicly traded company in 2021 through a business combination with Reinvent Technology Partners Z.