Two Sigma Investments LP Takes $259,000 Position in Hippo Holdings Inc. (NYSE:HIPO)

Two Sigma Investments LP bought a new position in Hippo Holdings Inc. (NYSE:HIPO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,664 shares of the company's stock, valued at approximately $259,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Hippo in the fourth quarter valued at about $118,000. The Manufacturers Life Insurance Company purchased a new position in Hippo in the fourth quarter valued at about $200,000. EntryPoint Capital LLC purchased a new position in Hippo in the fourth quarter valued at about $204,000. Sherbrooke Park Advisers LLC acquired a new stake in Hippo in the fourth quarter worth about $296,000. Finally, Jump Financial LLC acquired a new stake in Hippo in the fourth quarter worth about $311,000. Hedge funds and other institutional investors own 43.01% of the company's stock.

Hippo Stock Down 4.4%

Shares of Hippo stock traded down $1.29 on Friday, reaching $28.27. The company's stock had a trading volume of 382,145 shares, compared to its average volume of 183,209. The company has a market capitalization of $711.24 million, a P/E ratio of -5.43 and a beta of 1.48. The stock has a 50-day moving average price of $23.93 and a 200-day moving average price of $26.40. Hippo Holdings Inc. has a 52-week low of $14.58 and a 52-week high of $35.44.

Hippo (NYSE:HIPO - Get Free Report) last announced its earnings results 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). The business had revenue of $110.30 million for the quarter, compared to analyst estimates of $106.70 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. Sell-side analysts forecast that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group lowered their price target on Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods lifted their target price on Hippo from $24.00 to $26.00 and gave the stock a "market perform" rating in a report on Tuesday, April 22nd.

Insider Buying and Selling

In other Hippo news, CEO Torben Ostergaard sold 4,889 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $24.61, for a total value of $120,318.29. Following the completion of the sale, the chief executive officer now directly owns 66,793 shares in the company, valued at $1,643,775.73. This represents a 6.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.80% of the stock is owned by company insiders.

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.