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

Hippo Holdings Inc. (NYSE:HIPO) has been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $37.50.

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

Hippo Price Performance

Shares of NYSE HIPO opened at $31.26 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. Hippo has a fifty-two week low of $19.92 and a fifty-two week high of $38.98. The stock has a market cap of $791.69 million, a PE ratio of 8.63 and a beta of 1.57. The stock has a fifty day moving average of $31.87 and a 200-day moving average of $32.04.

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

Insider Buying and Selling

In related news, insider Michael Stienstra sold 3,900 shares of the firm’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 sale, the insider directly owned 71,281 shares of the company’s stock, valued at $2,218,264.72. This trade represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Guy Zeltser sold 1,819 shares of Hippo stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $32.16, for a total transaction of $58,499.04. Following the sale, the chief financial officer owned 68,860 shares of the company’s stock, valued at approximately $2,214,537.60. The trade was a 2.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 10,719 shares of company stock worth $328,967. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in Hippo by 11.7% during the fourth quarter. SG Americas Securities LLC now owns 10,135 shares of the company’s stock worth $305,000 after purchasing an additional 1,058 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Hippo by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 213,658 shares of the company’s stock valued at $7,726,000 after buying an additional 5,186 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in Hippo in the 3rd quarter worth approximately $963,000. Jacobs Levy Equity Management Inc. bought a new stake in Hippo in the 3rd quarter worth approximately $5,842,000. Finally, Voleon Capital Management LP purchased a new stake in Hippo in the third quarter worth approximately $1,048,000. Institutional investors own 43.01% of the company’s stock.

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.