Jefferies Financial Group Trims Hippo (NYSE:HIPO) Target Price to $28.00

Hippo (NYSE:HIPO) had its price objective decreased by Jefferies Financial Group from $29.00 to $28.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Separately, Keefe, Bruyette & Woods upped their price target on shares of Hippo from $20.00 to $21.00 and gave the stock a market perform rating in a research report on Monday, August 19th.

Hippo Stock Up 7.6 %

Shares of NYSE:HIPO opened at $17.66 on Wednesday. The business’s 50 day moving average is $18.13 and its 200 day moving average is $18.34. The stock has a market cap of $440.09 million, a P/E ratio of -2.48 and a beta of 1.34. Hippo has a 52-week low of $6.91 and a 52-week high of $25.49.

Hippo (NYSE:HIPO) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.48) by ($0.16). The firm had revenue of $89.60 million for 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 company posted ($4.61) EPS. On average, sell-side analysts anticipate that Hippo will post -4.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction that occurred 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 of the company’s stock, valued at $8,873,156.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction 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 sale, the chairman now owns 548,064 shares of the company’s stock, valued at $8,873,156.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Yuval Harry sold 2,958 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $18.49, for a total value of $54,693.42. Following the completion of the sale, the executive now owns 104,247 shares of the company’s stock, valued at approximately $1,927,527.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,627 shares of company stock worth $278,762. 11.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hippo

Large investors have recently made changes to their positions in the stock. Steamboat Capital Partners LLC purchased a new stake in Hippo during the 1st quarter valued at about $158,000. SG Americas Securities LLC purchased a new stake in Hippo in the third quarter valued at approximately $174,000. AQR Capital Management LLC acquired a new position in Hippo in the 2nd quarter worth 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 purchased a new stake in shares of Hippo in the 2nd quarter valued at $335,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

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.