Guy Zeltser Sells 1,669 Shares of Hippo (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Guy Zeltser sold 1,669 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.98, for a total value of $51,705.62. Following the completion of the sale, the chief financial officer directly owned 120,563 shares in the company, valued at $3,735,041.74. This represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hippo Stock Up 6.9%

Shares of HIPO stock traded up $2.04 during trading hours on Thursday, reaching $31.88. 340,320 shares of the stock were exchanged, compared to its average volume of 134,789. The business’s fifty day moving average is $27.08 and its two-hundred day moving average is $27.58. The firm has a market capitalization of $830.02 million, a P/E ratio of 7.38 and a beta of 1.49. Hippo Holdings Inc. has a 12-month low of $24.08 and a 12-month high of $38.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.99 and a quick ratio of 0.99.

Hippo (NYSE:HIPO) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.20 by $0.59. Hippo had a net margin of 23.45% and a return on equity of 12.17%. The company had revenue of $144.70 million during the quarter, compared to analysts’ expectations of $137.44 million. As a group, research analysts expect that Hippo Holdings Inc. will post 0.95 EPS for the current fiscal year.

Institutional Trading of Hippo

Several institutional investors have recently modified their holdings of HIPO. Intech Investment Management LLC boosted its holdings in shares of Hippo by 4.0% in the 3rd quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock valued at $288,000 after buying an additional 310 shares in the last quarter. Altshuler Shaham Ltd raised its stake in Hippo by 270.4% during the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares in the last quarter. Deutsche Bank AG raised its stake in Hippo by 1.2% during the 4th quarter. Deutsche Bank AG now owns 60,005 shares of the company’s stock worth $1,805,000 after acquiring an additional 736 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Hippo by 5.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 16,420 shares of the company’s stock valued at $494,000 after acquiring an additional 812 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Hippo by 3.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,588 shares of the company’s stock valued at $740,000 after acquiring an additional 834 shares during the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HIPO. Keefe, Bruyette & Woods boosted their target price on shares of Hippo from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 8th. Texas Capital upgraded Hippo to a “strong-buy” rating in a research note on Tuesday, June 9th. B. Riley Financial began coverage on Hippo in a report on Friday, April 17th. They set a “buy” rating and a $38.00 price target for the company. Finally, Weiss Ratings raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Hippo Company Profile

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.