Dynamic Technology Lab Private Ltd Acquires Shares of 21,570 Hippo Holdings Inc. $HIPO

Key Points

• Dynamic Technology Lab Private Ltd has invested $551,000 in Hippo Holdings Inc., acquiring 21,570 shares, which represents approximately 0.09% ownership of the company.
• Analysts have recently increased their price targets for Hippo, with JMP Securities raising it from $35.00 to $40.00 and B. Riley from $35.00 to $41.00, both assigning "buy" ratings.
• CEO Richard McCathron sold 2,725 shares of Hippo, reducing his ownership by 0.58%, while major shareholder Len Fw Investor, Llc sold over 514,000 shares, indicating significant insider transactions.

Dynamic Technology Lab Private Ltd bought a new stake in Hippo Holdings Inc. (NYSE:HIPO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,570 shares of the company's stock, valued at approximately $551,000. Dynamic Technology Lab Private Ltd owned approximately 0.09% of Hippo as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of HIPO. The Manufacturers Life Insurance Company bought a new stake in Hippo in the 4th quarter valued at approximately $200,000. Northern Trust Corp lifted its stake in Hippo by 1.4% in the 4th quarter. Northern Trust Corp now owns 161,253 shares of the company's stock valued at $4,317,000 after acquiring an additional 2,232 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Hippo by 72.0% in the 4th quarter. Ameriprise Financial Inc. now owns 38,977 shares of the company's stock valued at $1,043,000 after acquiring an additional 16,313 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Hippo in the 4th quarter valued at approximately $118,000. Finally, Bank of America Corp DE lifted its stake in Hippo by 44.5% in the 4th quarter. Bank of America Corp DE now owns 57,521 shares of the company's stock valued at $1,540,000 after acquiring an additional 17,704 shares in the last quarter. Institutional investors own 43.01% of the company's stock.

Hippo Stock Down 0.6%

Shares of NYSE:HIPO traded down $0.24 during trading on Tuesday, hitting $37.27. 196,354 shares of the company were exchanged, compared to its average volume of 176,486. The stock has a market cap of $932.87 million, a price-to-earnings ratio of -76.06 and a beta of 1.55. Hippo Holdings Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $38.98. The firm has a fifty day moving average price of $30.49 and a two-hundred day moving average price of $27.20. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14.

Hippo (NYSE:HIPO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of ($0.65) by $1.30. The business had revenue of $117.30 million for the quarter, compared to analyst estimates of $116.00 million. Hippo had a negative return on equity of 12.13% and a negative net margin of 2.52%. As a group, research analysts anticipate that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HIPO has been the topic of several research reports. Wall Street Zen upgraded Hippo from a "hold" rating to a "buy" rating in a research note on Sunday, August 17th. B. Riley boosted their target price on Hippo from $35.00 to $41.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, JMP Securities boosted their price target on Hippo from $35.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Hippo currently has a consensus rating of "Moderate Buy" and an average target price of $34.25.

Insider Buying and Selling

In related news, CEO Richard Mccathron sold 2,725 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $34.12, for a total transaction of $92,977.00. Following the transaction, the chief executive officer directly owned 470,388 shares of the company's stock, valued at approximately $16,049,638.56. The trade was a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Len Fw Investor, Llc sold 514,309 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $28.17, for a total value of $14,488,084.53. Following the transaction, the insider directly owned 2,476,418 shares in the company, valued at $69,760,695.06. The trade was a 17.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 519,309 shares of company stock worth $14,658,412 over the last three months. 10.80% of the stock is owned by insiders.

About Hippo

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.