Dimensional Fund Advisors LP Acquires 112,108 Shares of Hippo Holdings Inc. (NYSE:HIPO)

Dimensional Fund Advisors LP boosted its holdings in Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 96.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,137 shares of the company's stock after buying an additional 112,108 shares during the period. Dimensional Fund Advisors LP owned approximately 0.94% of Hippo worth $6,107,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Hippo in the fourth quarter valued at approximately $204,000. Jump Financial LLC acquired a new position in Hippo in the fourth quarter valued at approximately $311,000. Wells Fargo & Company MN lifted its holdings in Hippo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,216 shares of the company's stock valued at $327,000 after buying an additional 2,759 shares during the period. SG Americas Securities LLC increased its stake in Hippo by 33.2% in the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company's stock valued at $367,000 after purchasing an additional 3,412 shares in the last quarter. Finally, Barclays PLC increased its stake in Hippo by 276.5% in the third quarter. Barclays PLC now owns 25,816 shares of the company's stock valued at $435,000 after purchasing an additional 18,960 shares in the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hippo

In related news, Chairman Assaf Wand sold 12,250 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $28.90, for a total transaction of $354,025.00. Following the transaction, the chairman now directly owns 486,814 shares of the company's stock, valued at approximately $14,068,924.60. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Stienstra sold 2,329 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total transaction of $69,916.58. Following the transaction, the insider now directly owns 59,648 shares in the company, valued at approximately $1,790,632.96. This represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HIPO shares. Keefe, Bruyette & Woods upped their target price on shares of Hippo from $24.00 to $26.00 and gave the company a "market perform" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group lowered their price objective on shares of Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, April 11th.

Hippo Trading Up 3.3%

Shares of HIPO stock traded up $0.73 during trading hours on Tuesday, hitting $22.81. 323,599 shares of the company were exchanged, compared to its average volume of 168,064. The business has a 50 day moving average of $24.67 and a two-hundred day moving average of $26.68. Hippo Holdings Inc. has a 52 week low of $14.58 and a 52 week high of $35.44. The company has a market capitalization of $572.12 million, a PE ratio of -4.38 and a beta of 1.49.

Hippo (NYSE:HIPO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($1.91) earnings per share for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.50). The business had revenue of $110.30 million during the quarter, compared to the consensus estimate of $106.70 million. Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%. On average, research analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Hippo Company Profile

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.