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11,876 Shares in Hippo Holdings Inc. (NYSE:HIPO) Acquired by NorthCrest Asset Manangement LLC

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NorthCrest Asset Manangement LLC acquired a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,876 shares of the company's stock, valued at approximately $304,000.

A number of other large investors also recently bought and sold shares of HIPO. Ameriprise Financial Inc. raised its position in shares of Hippo by 72.0% during the 4th quarter. Ameriprise Financial Inc. now owns 38,977 shares of the company's stock valued at $1,043,000 after acquiring an additional 16,313 shares in the last quarter. Two Sigma Investments LP bought a new stake in Hippo during the fourth quarter valued at $259,000. Jump Financial LLC acquired a new stake in shares of Hippo during the fourth quarter worth $311,000. Fluent Financial LLC acquired a new stake in shares of Hippo during the first quarter worth $469,000. Finally, Bank of America Corp DE lifted its position in shares of Hippo by 44.5% in the 4th quarter. Bank of America Corp DE now owns 57,521 shares of the company's stock worth $1,540,000 after buying an additional 17,704 shares during the last quarter. Institutional investors own 43.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HIPO. Jefferies Financial Group lowered their price objective on shares of Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their target price on Hippo from $24.00 to $26.00 and gave the company a "market perform" rating in a report on Tuesday, April 22nd.

View Our Latest Stock Analysis on Hippo

Hippo Stock Up 2.0%

HIPO stock traded up $0.58 during mid-day trading on Thursday, reaching $29.01. The company had a trading volume of 202,568 shares, compared to its average volume of 185,501. Hippo Holdings Inc. has a one year low of $14.58 and a one year high of $35.44. The stock has a market capitalization of $729.80 million, a P/E ratio of -13.31 and a beta of 1.48. The stock's 50-day simple moving average is $24.27 and its two-hundred day simple moving average is $26.32.

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 the consensus estimate of ($1.41) by ($0.50). Hippo had a negative net margin of 13.21% and a negative return on equity of 29.27%. The firm had revenue of $110.30 million during the quarter, compared to the consensus estimate of $106.70 million. On average, research analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Insider Activity

In other news, CEO Torben Ostergaard sold 2,444 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $29.95, for a total transaction of $73,197.80. Following the transaction, the chief executive officer now directly owns 64,349 shares of the company's stock, valued at approximately $1,927,252.55. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.80% of the company's stock.

About Hippo

(Free Report)

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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Institutional Ownership by Quarter for Hippo (NYSE:HIPO)

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