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

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.

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

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.