Fluent Financial LLC Buys Shares of 18,350 Hippo Holdings Inc. (NYSE:HIPO)

Fluent Financial LLC bought a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 institutional investors have also recently made changes to their positions in HIPO. Invesco Ltd. grew its holdings in shares of Hippo by 1.5% during the fourth quarter. Invesco Ltd. now owns 35,866 shares of the company's stock worth $960,000 after buying an additional 539 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Hippo by 13.5% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hippo by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company's stock valued at $4,087,000 after buying an additional 1,424 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Hippo by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,768 shares of the company's stock valued at $717,000 after buying an additional 1,434 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Hippo by 13.3% in the 4th quarter. MetLife Investment Management LLC now owns 13,394 shares of the company's stock valued at $359,000 after acquiring an additional 1,573 shares during the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.

Hippo Trading Up 10.4%

Hippo stock traded up $2.60 during trading on Friday, hitting $27.73. The company had a trading volume of 322,126 shares, compared to its average volume of 174,204. Hippo Holdings Inc. has a 1-year low of $14.58 and a 1-year high of $35.44. The company's 50 day simple moving average is $23.45 and its 200-day simple moving average is $26.49. The stock has a market cap of $697.63 million, a price-to-earnings ratio of -5.32 and a beta of 1.48.

Hippo (NYSE:HIPO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($1.91) earnings per share for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.50). The firm had revenue of $110.30 million during the quarter, compared to analyst estimates of $106.70 million. Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%. As a group, analysts forecast that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Torben Ostergaard sold 4,889 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $24.61, for a total value of $120,318.29. Following the completion of the transaction, the chief executive officer now directly owns 66,793 shares of the company's stock, valued at $1,643,775.73. This represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on HIPO shares. Keefe, Bruyette & Woods increased their price target on Hippo from $24.00 to $26.00 and gave the company a "market perform" rating in a report on Tuesday, April 22nd. Jefferies Financial Group cut their target price on Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, April 11th.

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.