Hippo (NYSE:HIPO) Price Target Raised to $33.00 at Keefe, Bruyette & Woods

Hippo (NYSE:HIPO) had its price objective boosted by Keefe, Bruyette & Woods from $32.00 to $33.00 in a research note issued to investors on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

HIPO has been the subject of a number of other reports. Weiss Ratings upgraded shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Texas Capital upgraded Hippo to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, B. Riley Financial initiated coverage on Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Hippo currently has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Hippo Stock Up 1.4%

HIPO stock opened at $28.81 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $26.50 and a two-hundred day moving average price of $27.79. The company has a market cap of $29.96 million, a price-to-earnings ratio of 6.67 and a beta of 1.49. Hippo has a twelve month low of $24.08 and a twelve month high of $38.98.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.67 earnings per share for the quarter. The company had revenue of $120.40 million for the quarter. Hippo had a net margin of 23.45% and a return on equity of 12.17%. Analysts anticipate that Hippo will post 0.95 EPS for the current fiscal year.

Insider Activity at Hippo

In other news, CEO Richard Mccathron sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the sale, the chief executive officer directly owned 604,212 shares in the company, valued at $16,374,145.20. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Torben Ostergaard sold 3,667 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $26.10, for a total value of $95,708.70. Following the sale, the chief executive officer owned 65,673 shares of the company’s stock, valued at approximately $1,714,065.30. This represents a 5.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 13,667 shares of company stock valued at $356,209. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Stoic Point Capital Management LLC boosted its holdings in Hippo by 0.8% during the first quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock worth $6,544,000 after purchasing an additional 2,100 shares during the last quarter. Quantinno Capital Management LP increased its stake in Hippo by 118.7% in the 1st quarter. Quantinno Capital Management LP now owns 17,529 shares of the company’s stock valued at $457,000 after buying an additional 9,515 shares during the last quarter. Sei Investments Co. lifted its position in shares of Hippo by 25.4% during the 1st quarter. Sei Investments Co. now owns 161,440 shares of the company’s stock worth $4,207,000 after buying an additional 32,728 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hippo by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock worth $10,291,000 after buying an additional 29,993 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Hippo in the 1st quarter worth approximately $253,000. 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.