Hippo Holdings Inc. $HIPO Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Hippo Holdings Inc. by 41.6%, owning 42,186 shares valued at approximately $1.08 million.
• Other institutional investors, like Deutsche Bank AG and Invesco Ltd., significantly raised their holdings, with Deutsche Bank's stake increasing by 251.7%.
• Hippo Holdings reported quarterly earnings of $0.65 EPS, exceeding expectations, and analysts predict an annual EPS of -3.63.

Trexquant Investment LP increased its position in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 41.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,186 shares of the company's stock after purchasing an additional 12,403 shares during the quarter. Trexquant Investment LP owned 0.17% of Hippo worth $1,078,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HIPO. 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 worth $6,107,000 after purchasing an additional 112,108 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Hippo by 5.7% during the fourth 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 period. The Manufacturers Life Insurance Company acquired a new stake in shares of Hippo during the fourth quarter worth about $200,000. Northern Trust Corp lifted its holdings in shares of Hippo by 1.4% during the fourth quarter. Northern Trust Corp now owns 161,253 shares of the company's stock worth $4,317,000 after purchasing an additional 2,232 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Hippo by 72.0% during the fourth quarter. Ameriprise Financial Inc. now owns 38,977 shares of the company's stock worth $1,043,000 after purchasing an additional 16,313 shares during the period. Institutional investors and hedge funds own 43.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JMP Securities lifted their target price on Hippo from $35.00 to $40.00 and gave the stock a "market outperform" rating in a report on Thursday, August 7th. B. Riley boosted their price target on Hippo from $35.00 to $41.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Wall Street Zen raised Hippo from a "hold" rating to a "buy" rating in a report on Sunday, August 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.25.

Insider Buying and Selling

In other news, CEO Richard Mccathron sold 2,725 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $34.12, for a total value of $92,977.00. Following the completion of the sale, the chief executive officer directly owned 470,388 shares in the company, valued at $16,049,638.56. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Len Fw Investor, Llc sold 514,309 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $28.17, for a total value of $14,488,084.53. Following the completion of the sale, the insider owned 2,476,418 shares of the company's stock, valued at $69,760,695.06. This trade represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 519,309 shares of company stock valued at $14,658,412 over the last 90 days. Company insiders own 10.80% of the company's stock.

Hippo Stock Performance

NYSE:HIPO traded up $0.19 during trading hours on Friday, reaching $37.23. The company had a trading volume of 134,543 shares, compared to its average volume of 177,153. The firm has a market cap of $931.87 million, a PE ratio of -75.98 and a beta of 1.55. Hippo Holdings Inc. has a 1-year low of $15.74 and a 1-year high of $37.90. The business's 50 day moving average price is $30.11 and its 200-day moving average price is $27.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.91.

Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of ($0.65) by $1.30. The business had revenue of $117.30 million during the quarter, compared to analysts' expectations of $116.00 million. Hippo had a negative return on equity of 12.13% and a negative net margin of 2.52%. Research analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current 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.