Fluent Financial LLC acquired a new stake in Hippo Holdings Inc. (NYSE:HIPO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,350 shares of the company's stock, valued at approximately $469,000. Fluent Financial LLC owned approximately 0.07% of Hippo at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of HIPO. Ameriprise Financial Inc. raised its position in Hippo by 72.0% during the fourth quarter. Ameriprise Financial Inc. now owns 38,977 shares of the company's stock worth $1,043,000 after acquiring an additional 16,313 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Hippo in the fourth quarter valued at approximately $311,000. JPMorgan Chase & Co. increased its stake in shares of Hippo by 46.3% during 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 raised its position in shares of Hippo by 96.6% during 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 during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Hippo by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 1,020,249 shares of the company's stock valued at $27,312,000 after buying an additional 96,959 shares in the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.
Hippo Price Performance
HIPO stock traded up $2.60 during midday trading on Friday, hitting $27.73. The stock had a trading volume of 322,126 shares, compared to its average volume of 173,527. The company's 50-day moving average price is $23.39 and its 200 day moving average price is $26.55. The firm has a market cap of $697.63 million, a PE ratio of -5.32 and a beta of 1.48. Hippo Holdings Inc. has a 12-month low of $14.58 and a 12-month 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.50). The business had revenue of $110.30 million for the quarter, compared to analyst estimates 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 anticipate that Hippo Holdings Inc. will post -3.63 EPS for the current year.
Analyst Ratings Changes
HIPO has been the subject of several recent research reports. Jefferies Financial Group dropped their price target on Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a research 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.
Read Our Latest Stock Analysis on Hippo
Insider Buying and Selling at Hippo
In other Hippo news, CEO Torben Ostergaard sold 4,889 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $24.61, for a total transaction of $120,318.29. Following the transaction, the chief executive officer now owns 66,793 shares of the company's stock, valued at $1,643,775.73. This trade represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.37% of the stock is owned by company insiders.
Hippo Company Profile
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Free Report)
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.
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