Hippo (NYSE:HIPO) Trading 5.5% Higher

Hippo Holdings Inc. (NYSE:HIPO)’s share price traded up 5.5% on Thursday . The company traded as high as $21.18 and last traded at $21.00. 44,191 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 165,262 shares. The stock had previously closed at $19.90.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HIPO shares. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 target price on shares of Hippo in a research report on Monday, April 15th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $22.00 target price (up from $21.00) on shares of Hippo in a research report on Friday, May 10th.

Hippo Price Performance

The company has a market capitalization of $494.71 million, a PE ratio of -2.09 and a beta of 1.33. The company’s fifty day moving average is $17.02 and its 200-day moving average is $15.65.

Hippo (NYSE:HIPO) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($1.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.06). The business had revenue of $85.10 million for the quarter, compared to analysts’ expectations of $67.90 million. Hippo had a negative net margin of 93.69% and a negative return on equity of 59.81%. Equities research analysts forecast that Hippo Holdings Inc. will post -4.98 EPS for the current fiscal year.

Insider Buying and Selling at Hippo

In other Hippo news, CRO Yuval Harry sold 14,995 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $18.16, for a total value of $272,309.20. Following the completion of the sale, the executive now directly owns 123,993 shares in the company, valued at $2,251,712.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Hippo by 6.3% during the first 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 in the last quarter. Hood River Capital Management LLC increased its stake in shares of Hippo by 79.4% during the first quarter. Hood River Capital Management LLC now owns 326,343 shares of the company’s stock worth $5,962,000 after purchasing an additional 144,459 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Hippo during the fourth quarter worth about $460,000. Trexquant Investment LP purchased a new stake in shares of Hippo during the fourth quarter worth about $327,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of 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 purchasing an additional 801 shares in the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

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.