Hippo (NYSE:HIPO) Price Target Raised to $34.00

by · The Cerbat Gem

Hippo (NYSE:HIPO – Free Report) had its target price boosted by Keefe, Bruyette & Woods from $33.00 to $34.00 in a research report released on Wednesday morning, MarketBeat reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

A number of other analysts also recently weighed in on the stock. Zacks Research raised shares of Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. JMP Securities set a $45.00 price objective on shares of Hippo and gave the company a “market outperform” rating in a research report on Tuesday, October 14th. Citigroup reiterated an “outperform” rating on shares of Hippo in a research note on Tuesday, October 14th. Wall Street Zen lowered Hippo from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hippo in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Check Out Our Latest Report on Hippo

Hippo Stock Up 1.7%

Shares of Hippo stock opened at $31.17 on Wednesday. The firm has a market cap of $789.49 million, a price-to-earnings ratio of 8.61 and a beta of 1.57. The stock has a 50-day simple moving average of $33.84 and a 200-day simple moving average of $31.42. Hippo has a 52-week low of $19.92 and a 52-week high of $38.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94.

Hippo (NYSE:HIPO – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.66. The business had revenue of $120.60 million for the quarter, compared to analyst estimates of $117.75 million. Hippo had a negative return on equity of 5.89% and a net margin of 21.30%. On average, equities research analysts expect that Hippo will post -3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hippo news, CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $29.82, for a total transaction of $149,100.00. Following the completion of the sale, the chief executive officer owned 452,704 shares in the company, valued at approximately $13,499,633.28. The trade was a 1.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Guy Zeltser sold 1,819 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $32.16, for a total value of $58,499.04. Following the completion of the transaction, the chief financial officer owned 68,860 shares in the company, valued at $2,214,537.60. This represents a 2.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 11,996 shares of company stock valued at $401,633. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hippo

Several hedge funds have recently added to or reduced their stakes in HIPO. Hood River Capital Management LLC acquired a new position in shares of Hippo during the 2nd quarter worth about $13,665,000. Jacobs Levy Equity Management Inc. bought a new position in Hippo during the 3rd quarter worth approximately $5,842,000. Philadelphia Financial Management of San Francisco LLC bought a new position in Hippo during the 1st quarter worth approximately $2,636,000. Sei Investments Co. acquired a new position in Hippo during the second quarter valued at approximately $2,810,000. Finally, Tenzing Global Management LLC bought a new stake in Hippo in the first quarter valued at approximately $2,556,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Company Profile

(Get Free Report)

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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