Sherbrooke Park Advisers LLC Takes $296,000 Position in Hippo Holdings Inc. (NYSE:HIPO)

Sherbrooke Park Advisers LLC purchased a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,064 shares of the company's stock, valued at approximately $296,000.

Several other large investors have also recently bought and sold shares of HIPO. Invesco Ltd. lifted its position in Hippo by 1.5% in the 4th quarter. Invesco Ltd. now owns 35,866 shares of the company's stock worth $960,000 after buying an additional 539 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hippo by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company's stock valued at $4,087,000 after purchasing an additional 1,424 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Hippo by 5.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,768 shares of the company's stock worth $717,000 after purchasing an additional 1,434 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Hippo by 13.3% during the 4th quarter. MetLife Investment Management LLC now owns 13,394 shares of the company's stock worth $359,000 after purchasing an additional 1,573 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Hippo by 1.4% in the 4th quarter. Northern Trust Corp now owns 161,253 shares of the company's stock valued at $4,317,000 after buying an additional 2,232 shares in the last quarter. 43.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on HIPO. Keefe, Bruyette & Woods boosted 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 for the company in a report on Friday, April 11th.

Insider Buying and Selling at Hippo

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $28.90, for a total transaction of $354,025.00. Following the sale, the chairman now directly owns 486,814 shares of the company's stock, valued at approximately $14,068,924.60. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.37% of the company's stock.

Hippo Stock Performance

Shares of HIPO traded up $0.11 during mid-day trading on Thursday, hitting $22.23. The company's stock had a trading volume of 125,589 shares, compared to its average volume of 169,499. The stock's 50-day moving average is $24.04 and its two-hundred day moving average is $26.73. The firm has a market capitalization of $559.19 million, a PE ratio of -4.27 and a beta of 1.49. Hippo Holdings Inc. has a one year low of $14.58 and a one year high of $35.44.

Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($1.91) 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 firm had revenue of $110.30 million during the quarter, compared to analyst estimates of $106.70 million. Analysts expect 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.