Torben Ostergaard Sells 3,667 Shares of Hippo (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,667 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $26.10, for a total value of $95,708.70. Following the sale, the chief executive officer owned 65,673 shares of the company’s stock, valued at $1,714,065.30. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, February 25th, Torben Ostergaard sold 600 shares of Hippo stock. The shares were sold at an average price of $30.44, for a total value of $18,264.00.

Hippo Trading Up 0.6%

Hippo stock opened at $25.97 on Thursday. The stock has a 50-day moving average of $26.68 and a two-hundred day moving average of $29.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.99. Hippo Holdings Inc. has a one year low of $21.80 and a one year high of $38.98. The stock has a market cap of $27.04 million, a PE ratio of 6.01 and a beta of 1.53.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 EPS for the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%.The company had revenue of $120.40 million during the quarter. On average, research analysts anticipate that Hippo Holdings Inc. will post 1.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HIPO. AQR Capital Management LLC raised its stake in shares of Hippo by 8.3% in the first quarter. AQR Capital Management LLC now owns 16,193 shares of the company’s stock worth $414,000 after purchasing an additional 1,236 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Hippo by 30.5% in the second quarter. JPMorgan Chase & Co. now owns 208,472 shares of the company’s stock worth $5,823,000 after purchasing an additional 48,677 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Hippo by 6.3% in the second quarter. American Century Companies Inc. now owns 43,417 shares of the company’s stock worth $1,213,000 after purchasing an additional 2,588 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Hippo in the second quarter worth about $33,000. Finally, Walleye Capital LLC purchased a new position in shares of Hippo in the second quarter worth about $358,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on HIPO shares. Zacks Research upgraded Hippo to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings upgraded Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. B. Riley Financial started coverage on Hippo in a research note on Friday, April 17th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Keefe, Bruyette & Woods increased their price target on Hippo from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

About Hippo

Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo’s policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.

Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.