Hippo (NYSE:HIPO) Given Sell (D-) Rating at Weiss Ratings

Hippo (NYSE:HIPO)‘s stock had its “sell (d-)” rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently weighed in on HIPO. JMP Securities upped their price target on shares of Hippo from $35.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Hippo from a “hold” rating to a “buy” rating in a research report on Sunday, August 17th. B. Riley upped their price target on shares of Hippo from $35.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Zacks Research cut shares of Hippo from a “strong-buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hippo has an average rating of “Hold” and an average price target of $34.25.

Hippo Stock Up 1.8%

Shares of NYSE HIPO opened at $36.62 on Wednesday. Hippo has a 52-week low of $16.29 and a 52-week high of $38.98. The firm has a fifty day moving average of $33.52 and a 200-day moving average of $28.12. The stock has a market capitalization of $916.60 million, a PE ratio of -74.73 and a beta of 1.56. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14.

Hippo (NYSE:HIPO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $1.30. Hippo had a negative net margin of 2.52% and a negative return on equity of 12.13%. The company had revenue of $117.30 million during the quarter, compared to analysts’ expectations of $116.00 million. On average, analysts anticipate that Hippo will post -3.63 EPS for the current year.

Insiders Place Their Bets

In other Hippo news, CFO Guy Zeltser sold 5,177 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $37.48, for a total value of $194,033.96. Following the transaction, the chief financial officer owned 74,861 shares in the company, valued at $2,805,790.28. The trade was a 6.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard Mccathron sold 2,725 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $34.12, for a total transaction of $92,977.00. Following the completion of the transaction, the chief executive officer owned 470,388 shares in the company, valued at $16,049,638.56. This represents a 0.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,177 shares of company stock worth $364,361 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hippo

A number of institutional investors have recently modified their holdings of HIPO. Quantbot Technologies LP acquired a new stake in shares of Hippo in the 2nd quarter valued at about $33,000. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Hippo by 12.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock valued at $125,000 after purchasing an additional 489 shares in the last quarter. State of Wyoming acquired a new stake in shares of Hippo in the 2nd quarter valued at about $127,000. Tower Research Capital LLC TRC raised its stake in shares of Hippo by 418.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,402 shares of the company’s stock valued at $179,000 after purchasing an additional 5,166 shares in the last quarter. Finally, Shay Capital LLC acquired a new stake in shares of Hippo in the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

About Hippo

Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.