Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CAO Anirudh Badia sold 2,552 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $24.49, for a total transaction of $62,498.48. Following the transaction, the chief accounting officer now directly owns 102,315 shares in the company, valued at $2,505,694.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Hippo Stock Performance
Shares of Hippo stock opened at $28.15 on Friday. Hippo Holdings Inc. has a one year low of $7.75 and a one year high of $28.96. The company has a market cap of $701.50 million, a P/E ratio of -3.96 and a beta of 1.26. The firm has a fifty day moving average of $18.90 and a two-hundred day moving average of $18.28.
Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.48) by ($0.16). Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. The firm had revenue of $89.60 million for the quarter, compared to analysts' expectations of $85.40 million. During the same period in the prior year, the company earned ($4.61) earnings per share. As a group, equities analysts predict that Hippo Holdings Inc. will post -4.6 earnings per share for the current year.
Hedge Funds Weigh In On Hippo
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A number of large investors have recently modified their holdings of the business. Steamboat Capital Partners LLC acquired a new position in Hippo during the first quarter worth $158,000. Vanguard Group Inc. grew its stake in shares of Hippo by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 759,254 shares of the company's stock worth $13,872,000 after purchasing an additional 45,058 shares during the period. PEAK6 Investments LLC purchased a new position in shares of Hippo in the 1st quarter valued at about $277,000. Hood River Capital Management LLC lifted its stake in shares of Hippo by 79.4% in the first quarter. Hood River Capital Management LLC now owns 326,343 shares of the company's stock valued at $5,962,000 after purchasing an additional 144,459 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Hippo by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company's stock worth $427,000 after buying an additional 801 shares in the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on HIPO. Jefferies Financial Group lowered their price target on Hippo from $29.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price objective on Hippo from $20.00 to $21.00 and gave the stock a "market perform" rating in a research report on Monday, August 19th.
Check Out Our Latest Analysis on Hippo
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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