Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CRO Sells 1,419 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CRO Yuval Harry sold 1,419 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $18.14, for a total value of $25,740.66. Following the completion of the sale, the executive now owns 121,753 shares of the company’s stock, valued at approximately $2,208,599.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Yuval Harry also recently made the following trade(s):

• On Wednesday, August 14th, Yuval Harry sold 2,958 shares of Hippo stock. The shares were sold at an average price of $18.49, for a total transaction of $54,693.42.
• On Friday, May 24th, Yuval Harry sold 14,995 shares of Hippo stock. The shares were sold at an average price of $18.16, for a total transaction of $272,309.20.

Hippo Trading Down 1.4 %

HIPO stock opened at $18.41 on Thursday. Hippo Holdings Inc. has a 1-year low of $6.64 and a 1-year high of $25.49. The business’s 50 day simple moving average is $17.06 and its 200 day simple moving average is $16.97. The firm has a market capitalization of $449.76 million, a PE ratio of -1.83 and a beta of 1.33.

Hippo (NYSE:HIPO) last issued its quarterly earnings data 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 company had revenue of $89.60 million for the quarter, compared to analyst estimates of $85.40 million. During the same quarter last year, the business earned ($4.61) earnings per share. As a group, sell-side analysts predict that Hippo Holdings Inc. will post -5.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods downgraded shares of Hippo from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $22.00 to $20.00 in a report on Monday, July 22nd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SVB Wealth LLC acquired a new stake in shares of Hippo during the 4th quarter worth $122,000. Ieq Capital LLC acquired a new stake in Hippo during the fourth quarter worth about $460,000. Dynamic Technology Lab Private Ltd bought a new position in Hippo in the 4th quarter valued at about $114,000. Trexquant Investment LP acquired a new position in shares of Hippo in the 4th quarter valued at approximately $327,000. Finally, Steamboat Capital Partners LLC bought a new stake in shares of Hippo during the 1st quarter worth approximately $158,000. 43.01% of the stock is owned by institutional investors.

About Hippo

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.