Hippo (NYSE:HIPO) Rating Increased to Hold at Zacks Research

Hippo (NYSE:HIPO) was upgraded by Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on HIPO. Keefe, Bruyette & Woods upped their price target on shares of Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Hippo in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hippo currently has an average rating of “Hold” and a consensus target price of $37.50.

Hippo Trading Down 3.8%

Shares of HIPO stock traded down $1.08 during mid-day trading on Tuesday, reaching $26.99. 1,644 shares of the stock traded hands, compared to its average volume of 142,033. The stock’s fifty day simple moving average is $29.75 and its two-hundred day simple moving average is $32.50. Hippo has a 1-year low of $19.92 and a 1-year high of $38.98. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a market cap of $683.66 million, a price-to-earnings ratio of 12.61 and a beta of 1.57.

Insider Buying and Selling at Hippo

In other news, CEO Torben Ostergaard sold 6,105 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $28.57, for a total transaction of $174,419.85. Following the transaction, the chief executive officer owned 46,694 shares of the company’s stock, valued at $1,334,047.58. This represents a 11.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $29.14, for a total value of $145,700.00. Following the completion of the sale, the chief executive officer directly owned 442,704 shares of the company’s stock, valued at $12,900,394.56. The trade was a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 25,605 shares of company stock valued at $766,452. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Hippo

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in Hippo during the 4th quarter valued at $26,000. Altshuler Shaham Ltd boosted its holdings 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 purchasing an additional 730 shares during the last quarter. Quantbot Technologies LP bought a new stake in Hippo in the 2nd quarter worth about $33,000. AlphaQuest LLC lifted its position in shares of Hippo by 109.5% during the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after buying an additional 654 shares in the last quarter. Finally, Torren Management LLC purchased a new position in shares of Hippo in the 4th quarter worth approximately $55,000. Institutional investors own 43.01% of the company’s stock.

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.