Bank of America Corp DE Has $1.54 Million Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Bank of America Corp DE boosted its holdings in Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,521 shares of the company's stock after acquiring an additional 17,704 shares during the quarter. Bank of America Corp DE owned 0.24% of Hippo worth $1,540,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in shares of Hippo by 72.0% in the 4th quarter. Ameriprise Financial Inc. now owns 38,977 shares of the company's stock valued at $1,043,000 after purchasing an additional 16,313 shares during the period. Jump Financial LLC acquired a new position in Hippo during the fourth quarter worth $311,000. JPMorgan Chase & Co. lifted its holdings in shares of Hippo by 46.3% during the fourth quarter. JPMorgan Chase & Co. now owns 213,784 shares of the company's stock valued at $5,723,000 after acquiring an additional 67,608 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Hippo by 96.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 228,137 shares of the company's stock valued at $6,107,000 after acquiring an additional 112,108 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 96,959 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HIPO shares. Keefe, Bruyette & Woods increased their target price on shares of Hippo from $24.00 to $26.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group decreased their price objective on shares of Hippo from $43.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th.

Hippo Stock Performance

Hippo stock traded up $2.60 on Friday, reaching $27.73. The company's stock had a trading volume of 322,126 shares, compared to its average volume of 173,527. The business's fifty day moving average price is $23.39 and its 200 day moving average price is $26.55. The company has a market cap of $697.63 million, a price-to-earnings ratio of -5.32 and a beta of 1.48. Hippo Holdings Inc. has a twelve month low of $14.58 and a twelve month high of $35.44.

Hippo (NYSE:HIPO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.50). The business had revenue of $110.30 million during the quarter, compared to the consensus estimate 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, equities analysts forecast that Hippo Holdings Inc. will post -3.63 earnings per share for the current year.

Hippo 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.