Hippo (NYSE:HIPO) Trading 13.9% Higher – Time to Buy?

Shares of Hippo Holdings Inc. (NYSE:HIPOGet Free Report) were up 13.9% during mid-day trading on Thursday . The company traded as high as $21.36 and last traded at $21.36. Approximately 24,255 shares traded hands during trading, a decline of 84% from the average daily volume of 148,170 shares. The stock had previously closed at $18.75.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, August 19th. Jefferies Financial Group lowered their target price on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th.

Get Our Latest Research Report on Hippo

Hippo Stock Performance

The firm has a fifty day simple moving average of $18.48 and a 200 day simple moving average of $18.15. The company has a market capitalization of $533.04 million, a PE ratio of -3.01 and a beta of 1.34.

Hippo (NYSE:HIPOGet 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 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. Research analysts expect that Hippo Holdings Inc. will post -4.6 EPS for the current fiscal year.

Insider Buying and Selling at Hippo

In related news, CRO Yuval Harry sold 2,958 shares of Hippo stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $18.49, for a total transaction of $54,693.42. Following the transaction, the executive now directly owns 104,247 shares of the company’s stock, valued at $1,927,527.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CRO Yuval Harry sold 2,958 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $18.49, for a total transaction of $54,693.42. Following the completion of the sale, the executive now directly owns 104,247 shares in the company, valued at $1,927,527.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction dated Tuesday, October 1st. The shares were 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 owns 548,064 shares in the company, valued at $8,873,156.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,627 shares of company stock valued at $278,762. Company insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Hippo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Hippo by 3.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock valued at $427,000 after purchasing an additional 801 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Hippo by 28.2% during the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after buying an additional 5,592 shares during the last quarter. Steamboat Capital Partners LLC acquired a new position in shares of Hippo in the 1st quarter valued at $158,000. SG Americas Securities LLC purchased a new position in Hippo in the 3rd quarter worth $174,000. Finally, AQR Capital Management LLC acquired a new stake in Hippo during the 2nd quarter worth about $194,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

About Hippo

(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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