Hippo Holdings Inc. $HIPO Shares Acquired by Fluent Financial LLC

Key Points

• Fluent Financial LLC increased its stake in Hippo Holdings by 38.6%, owning a total of 25,432 shares valued at $710,000 as of the latest reporting period.
• Hippo's shares opened at $36.62 with a 12-month low of $16.29 and a high of $38.98, reflecting a current market capitalization of $916.60 million.
• Recent earnings showed Hippo reported $0.65 EPS, surpassing expectations, while only three analysts rated the stock as Buy and two as Hold, indicating mixed sentiments on its future performance.

Fluent Financial LLC grew its holdings in Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 38.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,432 shares of the company's stock after purchasing an additional 7,082 shares during the quarter. Fluent Financial LLC owned 0.10% of Hippo worth $710,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Hippo by 4,916.3% in the 1st quarter. GAMMA Investing LLC now owns 8,026 shares of the company's stock valued at $2,050,000 after buying an additional 7,866 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Hippo in the fourth quarter valued at $259,000. NorthCrest Asset Manangement LLC purchased a new position in Hippo in the first quarter valued at $304,000. AQR Capital Management LLC grew its stake in Hippo by 8.3% during the 1st quarter. AQR Capital Management LLC now owns 16,193 shares of the company's stock worth $414,000 after purchasing an additional 1,236 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in Hippo during the 1st quarter worth about $485,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Guy Zeltser sold 5,177 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $37.48, for a total value of $194,033.96. Following the completion of the sale, the chief financial officer directly owned 74,861 shares of the company's stock, valued at $2,805,790.28. This represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Mccathron sold 2,725 shares of Hippo stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $34.12, for a total value of $92,977.00. Following the transaction, the chief executive officer directly owned 470,388 shares in the company, valued at approximately $16,049,638.56. This trade represents a 0.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,177 shares of company stock valued at $364,361 over the last three months. Company insiders own 10.80% of the company's stock.

Hippo Stock Up 1.8%

Shares of NYSE:HIPO opened at $36.62 on Thursday. The firm has a 50 day simple moving average of $33.52 and a 200-day simple moving average of $28.12. Hippo Holdings Inc. has a twelve month low of $16.29 and a twelve month high of $38.98. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $916.60 million, a PE ratio of -74.73 and a beta of 1.56.

Hippo (NYSE:HIPO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of ($0.65) by $1.30. Hippo had a negative net margin of 2.52% and a negative return on equity of 12.13%. The firm had revenue of $117.30 million for the quarter, compared to analyst estimates of $116.00 million. On average, equities analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HIPO. Zacks Research cut Hippo from a "strong-buy" rating to a "hold" rating in a research note on Monday. B. Riley boosted their price target on shares of Hippo from $35.00 to $41.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JMP Securities increased their price objective on shares of Hippo from $35.00 to $40.00 and gave the company a "market outperform" rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Hippo from a "hold" rating to a "buy" rating in a research report on Sunday, August 17th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Hippo in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hippo currently has an average rating of "Hold" and an average price target of $34.25.

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.

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