Harel Insurance Investments & Financial Services Ltd. Lowers Stake in Hippo Holdings Inc. $HIPO

Key Points

• Harel Insurance cut its stake in Hippo by 84.2% in Q4, selling 44,922 shares and leaving it with 8,400 shares worth about $253,000.
• Company insiders sold a total of 21,705 shares in the last 90 days (including CEO Richard McCathron and Torben Ostergaard), and insiders now own about 10.8% of the stock.
• Hippo reported $0.67 EPS on $120.4M revenue with a 23.45% net margin and a $715M market cap, and analysts have a consensus rating of "Moderate Buy" with a consensus target of about $38.33.

Harel Insurance Investments & Financial Services Ltd. cut its position in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 84.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,400 shares of the company's stock after selling 44,922 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Hippo were worth $253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Hippo by 149.6% during the third quarter. Principal Financial Group Inc. now owns 70,791 shares of the company's stock worth $2,560,000 after buying an additional 42,427 shares in the last quarter. Huntleigh Advisors Inc. purchased a new stake in Hippo in the third quarter valued at approximately $2,170,000. Boothbay Fund Management LLC grew its holdings in Hippo by 500.9% in the third quarter. Boothbay Fund Management LLC now owns 60,795 shares of the company's stock valued at $2,198,000 after purchasing an additional 50,677 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Hippo in the third quarter valued at approximately $963,000. Finally, Gator Capital Management LLC purchased a new stake in Hippo in the third quarter valued at approximately $239,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Hippo Stock Up 0.5%

Shares of NYSE:HIPO opened at $27.54 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $26.89 and a 200 day simple moving average of $29.93. The firm has a market cap of $715.08 million, a PE ratio of 6.37 and a beta of 1.53. Hippo Holdings Inc. has a 12-month low of $19.92 and a 12-month high of $38.98.

Hippo (NYSE:HIPO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $120.40 million during the quarter. Hippo had a net margin of 23.45% and a return on equity of 12.17%. On average, equities research analysts anticipate that Hippo Holdings Inc. will post 1.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Richard Mccathron sold 5,000 shares of Hippo stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $26.05, for a total value of $130,250.00. Following the completion of the sale, the chief executive officer owned 610,650 shares in the company, valued at approximately $15,907,432.50. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Torben Ostergaard sold 6,105 shares of Hippo stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $28.57, for a total transaction of $174,419.85. Following the completion of the sale, the chief executive officer owned 46,694 shares of the company's stock, valued at approximately $1,334,047.58. This trade represents a 11.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 21,705 shares of company stock valued at $597,934. Insiders own 10.80% of the company's stock.

Key Hippo News

Here are the key news stories impacting Hippo this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised Hippo's price target from $30 to $32 and kept a "market perform" rating; the revision (~16% upside to the stated target) is likely supporting buying interest despite the non‑buy rating. KBW price-target raise
• Neutral Sentiment: Colombia says culling escaped hippos is the only way to control the population — major wildlife story but unrelated to Hippo Holdings' insurance business or outlook. After 12 years and three presidents...
• Neutral Sentiment: Some of Colombia’s so‑called "cocaine hippos" could be relocated to a controversial zoo in India — media attention on the animal name but no corporate relevance. Some 'cocaine hippos' from Colombia...
• Neutral Sentiment: Multiple human‑interest pieces about an orphaned baby hippo being rescued and hand‑reared (AOL, People, Yahoo) — emotionally engaging but not material to Hippo Holdings' financials. Orphaned Baby Hippo Bonds...
• Neutral Sentiment: More rescue coverage ("Bumpy" the baby hippo) and sanctuary updates (Kenya) — social‑media friendly stories that may generate name recognition but are unlikely to move HIPO fundamentals. ‘Bumpy’ the baby hippo melts hearts...
• Neutral Sentiment: Viral footage of a hippo chasing sightseers — attention-grabbing animal story but no direct investor relevance for Hippo Holdings. Terrifying moment sightseers chased...

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HIPO shares. Keefe, Bruyette & Woods boosted their target price on shares of Hippo from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Thursday. B. Riley Financial started coverage on shares of Hippo in a research report on Friday, April 17th. They set a "buy" rating and a $38.00 price target on the stock. Zacks Research raised shares of Hippo to a "hold" rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings raised shares of Hippo from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Hippo has a consensus rating of "Moderate Buy" and a consensus target price of $38.33.

Hippo Company Profile

Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo's policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.

Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.

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