Hippo Holdings Inc. (NYSE:HIPO) Receives $37.50 Consensus Target Price from Analysts

Shares of Hippo Holdings Inc. (NYSE:HIPO) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $37.25.

HIPO has been the subject of a number of recent research reports. Zacks Research raised shares of Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods lowered their price target on shares of Hippo from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Weiss Ratings upgraded shares of Hippo from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday.

Hippo Price Performance

Shares of NYSE HIPO opened at $26.34 on Monday. The firm has a market cap of $667.32 million, a P/E ratio of 12.31 and a beta of 1.57. The business’s 50 day moving average is $29.57 and its 200-day moving average is $32.45. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. Hippo has a 1-year low of $19.92 and a 1-year high of $38.98.

Insider Transactions at Hippo

In other news, CEO Torben Ostergaard sold 6,105 shares of Hippo stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $28.57, for a total value of $174,419.85. Following the completion of the sale, the chief executive officer directly owned 46,694 shares in the company, valued at approximately $1,334,047.58. The trade was a 11.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Stienstra sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $31.12, for a total value of $121,368.00. Following the completion of the sale, the insider owned 71,281 shares of the company’s stock, valued at approximately $2,218,264.72. This trade represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 25,605 shares of company stock valued at $766,452. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Hippo

Several large investors have recently modified their holdings of HIPO. Caitong International Asset Management Co. Ltd acquired a new position in Hippo in the fourth quarter valued at about $26,000. Altshuler Shaham Ltd grew its stake in Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 730 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Hippo in the 2nd quarter valued at approximately $33,000. AlphaQuest LLC raised its position in shares of Hippo by 109.5% in the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after buying an additional 654 shares in the last quarter. Finally, Torren Management LLC bought a new stake in shares of Hippo during the 4th quarter worth approximately $55,000. 43.01% of the stock is owned by institutional investors and hedge funds.

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.