21,570 Shares in Hippo Holdings Inc. $HIPO Bought by Dynamic Technology Lab Private Ltd

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) in the 1st quarter, according to 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 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of Hippo by 8.3% in the first quarter. AQR Capital Management LLC now owns 16,193 shares of the company's stock valued at $414,000 after purchasing an additional 1,236 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Hippo by 13.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,736 shares of the company's stock valued at $314,000 after buying an additional 1,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hippo by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 154,130 shares of the company's stock worth $3,940,000 after purchasing an additional 1,466 shares in the last quarter. Northern Trust Corp increased its position in shares of Hippo by 1.4% during the 4th quarter. Northern Trust Corp now owns 161,253 shares of the company's stock valued at $4,317,000 after purchasing an additional 2,232 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Hippo in the 4th quarter worth approximately $118,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Hippo Stock Performance

Shares of Hippo stock traded up $0.19 on Friday, reaching $37.23. 134,543 shares of the company were exchanged, compared to its average volume of 177,153. The company's 50-day moving average is $30.11 and its two-hundred day moving average is $27.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $931.79 million, a price-to-earnings ratio of -75.98 and a beta of 1.55. Hippo Holdings Inc. has a 1-year low of $15.74 and a 1-year high of $37.90.

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

Insider Transactions at Hippo

In other news, CEO Richard Mccathron sold 2,725 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $34.12, for a total transaction of $92,977.00. Following the transaction, the chief executive officer owned 470,388 shares in the company, valued at approximately $16,049,638.56. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Len Fw Investor, Llc sold 514,309 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $28.17, for a total transaction of $14,488,084.53. Following the completion of the sale, the insider directly owned 2,476,418 shares of the company's stock, 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. Over the last 90 days, insiders have sold 519,309 shares of company stock valued at $14,658,412. Company insiders own 10.80% of the company's stock.

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.