Ameriprise Financial Inc. Boosts Stake in Hippo Holdings Inc. (NYSE:HIPO)

Ameriprise Financial Inc. raised its position in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,977 shares of the company's stock after acquiring an additional 16,313 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.16% of Hippo worth $1,043,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jump Financial LLC bought a new stake in shares of Hippo in the 4th quarter worth approximately $311,000. JPMorgan Chase & Co. boosted its position in shares of 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. Dimensional Fund Advisors LP boosted its position in shares of Hippo by 96.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 228,137 shares of the company's stock worth $6,107,000 after purchasing an additional 112,108 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Hippo by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 1,020,249 shares of the company's stock worth $27,312,000 after purchasing an additional 96,959 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Hippo by 112.5% in the 4th quarter. Ieq Capital LLC now owns 107,086 shares of the company's stock worth $2,867,000 after purchasing an additional 56,684 shares in the last quarter. 43.01% of the stock is owned by institutional investors.

Hippo Stock Down 0.1%

HIPO traded down $0.02 during mid-day trading on Thursday, reaching $25.10. 260,408 shares of the company traded hands, compared to its average volume of 172,932. The stock has a market capitalization of $631.47 million, a P/E ratio of -4.82 and a beta of 1.48. The company's fifty day moving average price is $23.39 and its 200-day moving average price is $26.55. Hippo Holdings Inc. has a 52-week low of $14.58 and a 52-week high of $35.44.

Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations 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, sell-side analysts forecast that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods boosted 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.

Hippo 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.