Hippo Holdings Inc. (NYSE:HIPO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hippo Holdings Inc. (NYSE:HIPO) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.25.

A number of brokerages have issued reports on HIPO. Keefe, Bruyette & Woods decreased their price objective on Hippo from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Zacks Research upgraded Hippo to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings raised Hippo from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Thursday, March 5th.

Insider Buying and Selling at Hippo

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

Hedge Funds Weigh In On Hippo

Several hedge funds have recently added to or reduced their stakes in HIPO. Vanguard Group Inc. lifted its stake in Hippo by 5.3% in the third quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock worth $40,085,000 after purchasing an additional 55,394 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Hippo by 24.1% during the fourth quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock valued at $16,760,000 after buying an additional 108,359 shares during the period. Hood River Capital Management LLC bought a new position in shares of Hippo during the second quarter valued at approximately $13,665,000. Westerly Capital Management LLC grew its stake in shares of Hippo by 24.3% during the fourth quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock valued at $12,634,000 after buying an additional 82,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Hippo by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 364,914 shares of the company’s stock worth $10,977,000 after buying an additional 53,174 shares during the period. 43.01% of the stock is currently owned by institutional investors.

Hippo Stock Up 0.6%

Shares of NYSE HIPO opened at $26.04 on Friday. The stock has a market capitalization of $676.26 million, a price-to-earnings ratio of 12.17 and a beta of 1.57. Hippo has a 12-month low of $19.92 and a 12-month high of $38.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $27.92 and its 200-day moving average price is $31.43.

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.