Hippo Holdings Inc. (NYSE:HIPO) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Hippo Holdings Inc. has received a consensus rating of "Moderate Buy" from four research firms, with three analysts recommending a buy and one a hold.
• The average twelve-month target price for Hippo stock among analysts is $34.25, with some firms recently raising their target prices significantly.
• Insider trading activity includes sales by the CFO and CEO, with notable transactions indicating a decrease in their holdings, while institutional investors now own 43.01% of the company's stock.

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the four research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $34.25.

HIPO has been the topic of several recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Hippo in a report on Saturday, September 27th. B. Riley boosted their target price on Hippo from $35.00 to $41.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JMP Securities boosted their target price on Hippo from $35.00 to $40.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised Hippo from a "hold" rating to a "buy" rating in a report on Sunday, August 17th.

Insider Buying and Selling at Hippo

In other news, CFO Guy Zeltser sold 5,177 shares of Hippo stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $37.48, for a total value of $194,033.96. Following the completion of the sale, the chief financial officer directly owned 74,861 shares of the company's stock, valued at approximately $2,805,790.28. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Mccathron sold 2,725 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $34.12, for a total transaction of $92,977.00. Following the sale, the chief executive officer owned 470,388 shares of the company's stock, valued at $16,049,638.56. The trade was 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 valued at $364,361 over the last three months. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Hippo

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Hippo by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 1,044,502 shares of the company's stock worth $26,697,000 after purchasing an additional 24,253 shares in the last quarter. Hood River Capital Management LLC bought a new position in Hippo during the 2nd quarter worth about $13,665,000. Westerly Capital Management LLC grew its holdings in shares of Hippo by 30.4% in the 2nd quarter. Westerly Capital Management LLC now owns 326,000 shares of the company's stock valued at $9,105,000 after acquiring an additional 76,000 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hippo by 30.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 208,472 shares of the company's stock valued at $5,823,000 after acquiring an additional 48,677 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Hippo by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 154,130 shares of the company's stock valued at $3,940,000 after acquiring an additional 1,466 shares in the last quarter. Institutional investors own 43.01% of the company's stock.

Hippo Price Performance

NYSE HIPO traded up $0.64 during trading on Friday, reaching $36.45. 84,701 shares of the company traded hands, compared to its average volume of 205,573. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 0.91. The stock's 50 day moving average price is $32.71 and its two-hundred day moving average price is $27.85. The company has a market cap of $912.34 million, a price-to-earnings ratio of -74.39 and a beta of 1.56. Hippo has a 1-year low of $16.03 and a 1-year high of $38.98.

Hippo (NYSE:HIPO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of ($0.65) by $1.30. The business had revenue of $117.30 million for the quarter, compared to the consensus estimate of $116.00 million. Hippo had a negative return on equity of 12.13% and a negative net margin of 2.52%. As a group, analysts anticipate that Hippo will post -3.63 EPS for the current year.

Hippo Company Profile

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.

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