Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard Sells 2,444 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 2,444 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $29.95, for a total value of $73,197.80. Following the sale, the chief executive officer now directly owns 64,349 shares in the company, valued at $1,927,252.55. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Torben Ostergaard also recently made the following trade(s):

• On Wednesday, June 4th, Torben Ostergaard sold 4,889 shares of Hippo stock. The stock was sold at an average price of $24.61, for a total transaction of $120,318.29.

Hippo Stock Performance

Hippo stock traded up $0.99 during trading hours on Monday, hitting $29.25. The company had a trading volume of 395,921 shares, compared to its average volume of 184,253. The firm has a market cap of $735.94 million, a P/E ratio of -5.61 and a beta of 1.48. The company has a 50-day moving average price of $23.93 and a two-hundred day moving average price of $26.31. Hippo Holdings Inc. has a 1 year low of $14.58 and a 1 year high of $35.44.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($1.91) EPS for the quarter, missing the consensus estimate of ($1.41) by ($0.50). The company had revenue of $110.30 million during the quarter, compared to the consensus estimate of $106.70 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. As a group, equities research analysts anticipate that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Hippo by 2.4% during the first quarter. Vanguard Group Inc. now owns 1,044,502 shares of the company’s stock worth $26,697,000 after acquiring an additional 24,253 shares during the period. Renaissance Technologies LLC increased its position in shares of Hippo by 90.8% during the fourth quarter. Renaissance Technologies LLC now owns 268,320 shares of the company’s stock worth $7,183,000 after purchasing an additional 127,716 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hippo by 96.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 228,137 shares of the company’s stock valued at $6,107,000 after buying an additional 112,108 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Hippo by 46.3% in the 4th quarter. JPMorgan Chase & Co. now owns 213,784 shares of the company’s stock worth $5,723,000 after purchasing an additional 67,608 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Hippo by 1.4% in the 4th quarter. Northern Trust Corp now owns 161,253 shares of the company’s stock worth $4,317,000 after acquiring an additional 2,232 shares during the last quarter. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on HIPO. Keefe, Bruyette & Woods increased their price target on shares of Hippo from $24.00 to $26.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 22nd. Jefferies Financial Group dropped their price target on Hippo from $43.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, April 11th.

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.