AWM Investment Company Inc. Takes Position in Hippo Holdings Inc. $HIPO

Key Points

• AWM Investment Company purchased 100,000 Hippo shares worth approximately $2.83 million, giving it a 0.38% stake. Institutional investors collectively own 43.01% of the company.
• Analyst sentiment is generally positive: Hippo has a consensus “Buy” rating and an average price target of $40.50, above its reported share price of $33.49.
• Hippo exceeded quarterly expectations, reporting $0.79 in earnings per share versus consensus estimates for a $0.17 loss, while revenue reached $144.70 million compared with expectations of $137.44 million.

AWM Investment Company Inc. purchased a new stake in Hippo Holdings Inc. (NYSE:HIPO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company's stock, valued at approximately $2,826,000. AWM Investment Company Inc. owned 0.38% of Hippo at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HIPO. Intech Investment Management LLC raised its position in 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 during the last quarter. Altshuler Shaham Ltd lifted its stake in Hippo by 270.4% during the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 730 shares in the last quarter. Deutsche Bank AG boosted its holdings 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 during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Hippo by 5.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 16,420 shares of the company's stock worth $494,000 after acquiring an additional 812 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Hippo by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,588 shares of the company's stock worth $740,000 after acquiring an additional 834 shares in the last quarter. Institutional investors own 43.01% of the company's stock.

Insider Activity

In other Hippo news, CFO Guy Zeltser sold 1,669 shares of the firm's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $30.98, for a total value of $51,705.62. Following the completion of the transaction, the chief financial officer owned 120,563 shares in the company, valued at $3,735,041.74. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Mccathron sold 5,000 shares of the company's stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $28.53, for a total value of $142,650.00. Following the sale, the chief executive officer owned 585,433 shares in the company, valued at approximately $16,702,403.49. This represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 17,838 shares of company stock worth $517,933. 4.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on HIPO. Weiss Ratings reissued a "hold (c)" rating on shares of Hippo in a research report on Friday, July 31st. B. Riley Financial reaffirmed a "buy" rating and issued a $41.50 target price (up from $38.00) on shares of Hippo in a report on Monday, August 3rd. Zacks Research raised Hippo from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Texas Capital upgraded Hippo to a "strong-buy" rating in a report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Hippo from $33.00 to $35.00 and gave the stock a "market perform" rating in a report on Thursday, August 6th. Two 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 company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $40.50.

Hippo Stock Performance

NYSE:HIPO opened at $33.49 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day simple moving average of $29.84 and a two-hundred day simple moving average of $27.87. Hippo Holdings Inc. has a 1 year low of $24.08 and a 1 year high of $38.98. The company has a market capitalization of $883.70 million, a P/E ratio of 7.20 and a beta of 1.47.

Hippo (NYSE:HIPO - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.96. Hippo had a return on equity of 10.68% and a net margin of 23.92%.The firm had revenue of $144.70 million for the quarter, compared to analysts' expectations of $137.44 million. On average, analysts expect that Hippo Holdings Inc. will post 1.5 earnings per share for the current year.

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.

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