55,813 Shares in Hippo Holdings Inc. (NYSE:HIPO) Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,813 shares of the company's stock, valued at approximately $1,427,000. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.22% of Hippo as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Hippo by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 48,311 shares of the company's stock valued at $1,293,000 after buying an additional 2,910 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hippo by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company's stock worth $4,087,000 after buying an additional 1,424 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hippo by 48.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,982 shares of the company's stock worth $2,623,000 after purchasing an additional 32,058 shares during the period. American Century Companies Inc. increased its position in shares of Hippo by 8.1% in the fourth quarter. American Century Companies Inc. now owns 34,688 shares of the company's stock worth $929,000 after purchasing an additional 2,591 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Hippo by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 1,020,249 shares of the company's stock worth $27,312,000 after purchasing an additional 96,959 shares during the period. 43.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hippo news, CEO Torben Ostergaard sold 4,889 shares of the business'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 transaction, the chief executive officer directly owned 66,793 shares of the company's stock, valued at approximately $1,643,775.73. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were sold at an average price of $28.17, for a total value of $14,488,084.53. Following the sale, the insider owned 2,476,418 shares of the company's stock, valued at approximately $69,760,695.06. This represents a 17.20% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 521,642 shares of company stock worth $14,681,601. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HIPO shares. B. Riley started coverage on Hippo in a research report on Tuesday, July 1st. They issued a "buy" rating and a $35.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on Hippo from $24.00 to $26.00 and gave the stock a "market perform" rating in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group reduced their price target on Hippo from $43.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Hippo Price Performance

Shares of Hippo stock traded down $0.44 during midday trading on Monday, reaching $27.67. The company had a trading volume of 160,594 shares, compared to its average volume of 187,779. The stock has a fifty day moving average price of $25.27 and a 200 day moving average price of $26.23. The firm has a market cap of $696.15 million, a PE ratio of -12.69 and a beta of 1.53. Hippo Holdings Inc. has a fifty-two week low of $14.58 and a fifty-two week 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) EPS for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.50). The company had revenue of $110.30 million during the quarter, compared to analyst estimates of $106.70 million. Hippo had a negative return on equity of 29.27% and a negative net margin of 13.21%. As a group, sell-side analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Hippo Company 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.