11,064 Shares in Hippo Holdings Inc. (NYSE:HIPO) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new position in Hippo Holdings Inc. (NYSE:HIPO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,064 shares of the company's stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. boosted its stake in Hippo by 33.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 68,485 shares of the company's stock worth $1,833,000 after purchasing an additional 17,286 shares during the period. Deutsche Bank AG boosted its stake in shares of Hippo by 61.7% during the 4th quarter. Deutsche Bank AG now owns 17,130 shares of the company's stock valued at $459,000 after buying an additional 6,535 shares during the period. Bank of America Corp DE boosted its stake in shares of Hippo by 44.5% during the 4th quarter. Bank of America Corp DE now owns 57,521 shares of the company's stock valued at $1,540,000 after buying an additional 17,704 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Hippo during the 4th quarter valued at $118,000. Finally, Ameriprise Financial Inc. boosted its stake 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 buying an additional 16,313 shares during the period. Institutional investors and hedge funds own 43.01% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Hippo

In related news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $28.90, for a total value of $354,025.00. Following the transaction, the chairman now owns 486,814 shares in the company, valued at $14,068,924.60. This trade represents a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.37% of the stock is owned by company insiders.

Hippo Price Performance

Shares of HIPO stock traded up $0.19 on Friday, hitting $22.40. The company's stock had a trading volume of 108,934 shares, compared to its average volume of 170,212. Hippo Holdings Inc. has a fifty-two week low of $14.58 and a fifty-two week high of $35.44. The firm's fifty day moving average price is $23.85 and its 200-day moving average price is $26.75. The stock has a market capitalization of $563.52 million, a price-to-earnings ratio of -4.30 and a beta of 1.49.

Hippo (NYSE:HIPO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.41) by ($0.50). Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%. The business had revenue of $110.30 million during the quarter, compared to analyst estimates of $106.70 million. Analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

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.