Hippo Holdings Inc. (NYSE:HIPO) Receives Average Rating of “Moderate Buy” from Analysts

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

A number of research firms have recently commented on HIPO. Zacks Research raised shares of Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods dropped 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 note on Friday, March 6th. Finally, Weiss Ratings upgraded shares of Hippo from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, March 5th.

Hippo Stock Up 0.3%

NYSE HIPO opened at $25.93 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Hippo has a fifty-two week low of $19.92 and a fifty-two week high of $38.98. The business has a 50 day moving average price of $28.20 and a two-hundred day moving average price of $31.73. The stock has a market cap of $673.51 million, a PE ratio of 12.12 and a beta of 1.57.

Insider Transactions at Hippo

In other Hippo news, CEO Torben Ostergaard sold 6,105 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $28.57, for a total transaction of $174,419.85. Following the completion of the sale, the chief executive officer owned 46,694 shares in the company, valued at $1,334,047.58. This trade represents a 11.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Mccathron sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $25.86, for a total value of $129,300.00. Following the sale, the chief executive officer owned 615,650 shares of the company’s stock, valued at approximately $15,920,709. This trade represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,705 shares of company stock worth $625,284. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Hippo

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

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.