Hippo (NYSE:HIPO) PT Lowered to $28.00 at Jefferies Financial Group

Hippo (NYSE:HIPO) had its price objective lowered by equities research analysts at Jefferies Financial Group from $29.00 to $28.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 65.78% from the company’s current price.

Separately, Keefe, Bruyette & Woods increased their price target on Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, August 19th.

Hippo Trading Down 2.7 %

NYSE:HIPO traded down $0.47 on Wednesday, reaching $16.89. 24,462 shares of the stock traded hands, compared to its average volume of 154,080. The company has a market capitalization of $412.62 million, a price-to-earnings ratio of -1.69 and a beta of 1.34. Hippo has a 12 month low of $6.91 and a 12 month high of $25.49. The company’s fifty day simple moving average is $18.11 and its 200 day simple moving average is $18.36.

Hippo (NYSE:HIPO) last posted its earnings results on Thursday, August 8th. The company reported ($1.64) EPS for the quarter, missing analysts’ consensus estimates of ($1.48) by ($0.16). The business had revenue of $89.60 million during the quarter, compared to the consensus estimate of $85.40 million. Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. During the same period in the previous year, the business posted ($4.61) EPS. Equities analysts anticipate that Hippo will post -4.68 EPS for the current fiscal year.

Insider Activity

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total value of $198,327.50. Following the completion of the transaction, the chairman now directly owns 548,064 shares in the company, valued at $8,873,156.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CRO Yuval Harry sold 1,419 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $18.14, for a total transaction of $25,740.66. Following the completion of the sale, the executive now directly owns 121,753 shares of the company’s stock, valued at approximately $2,208,599.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $16.19, for a total value of $198,327.50. Following the transaction, the chairman now owns 548,064 shares in the company, valued at approximately $8,873,156.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,627 shares of company stock worth $278,762 over the last ninety days. Corporate insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Hippo

Several institutional investors have recently added to or reduced their stakes in HIPO. Steamboat Capital Partners LLC purchased a new position in shares of Hippo in the first quarter worth $158,000. SG Americas Securities LLC purchased a new position in shares of Hippo in the third quarter worth about $174,000. AQR Capital Management LLC purchased a new stake in Hippo in the second quarter valued at approximately $194,000. PEAK6 Investments LLC acquired a new stake in Hippo during the 1st quarter valued at approximately $277,000. Finally, Squarepoint Ops LLC acquired a new position in Hippo during the second quarter valued at $335,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

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.