Torben Ostergaard Sells 1,169 Shares of Hippo (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 1,169 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $33.00, for a total transaction of $38,577.00. Following the transaction, the chief executive officer owned 61,824 shares in the company, valued at approximately $2,040,192. The trade was a 1.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hippo Stock Down 0.9%

Shares of HIPO opened at $32.65 on Thursday. The company has a 50-day simple moving average of $29.23 and a 200-day simple moving average of $27.78. The firm has a market capitalization of $861.50 million, a P/E ratio of 7.02 and a beta of 1.47. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95. Hippo Holdings Inc. has a 52 week low of $24.08 and a 52 week high of $38.98.

Hippo (NYSE:HIPO) last released its earnings results on Thursday, July 30th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.96. The business had revenue of $144.70 million for the quarter, compared to the consensus estimate of $137.44 million. Hippo had a return on equity of 10.68% and a net margin of 23.92%. On average, equities research analysts expect that Hippo Holdings Inc. will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently modified their holdings of HIPO. Stoic Point Capital Management LLC acquired a new stake in Hippo in the 4th quarter valued at $7,490,000. BlackRock Inc. raised its stake in Hippo by 17.8% during the second quarter. BlackRock Inc. now owns 1,498,306 shares of the company’s stock worth $42,342,000 after acquiring an additional 226,533 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Hippo during the third quarter worth $5,842,000. Geode Capital Management LLC lifted its holdings in shares of Hippo by 24.1% during the fourth quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock valued at $16,760,000 after acquiring an additional 108,359 shares during the period. Finally, Sei Investments Co. bought a new position in shares of Hippo during the second quarter valued at $2,810,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HIPO shares. Zacks Research upgraded Hippo from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Texas Capital raised Hippo to a “strong-buy” rating in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods lifted their price target on shares of Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Hippo in a report on Friday, July 31st. Finally, B. Riley Financial restated a “buy” rating and issued a $41.50 price objective (up from $38.00) on shares of Hippo in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Hippo has a consensus rating of “Buy” and a consensus price target of $40.50.

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.