Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CEO Sells 4,889 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 4,889 shares of Hippo stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $24.61, for a total transaction of $120,318.29. Following the transaction, the chief executive officer now owns 66,793 shares in the company, valued at approximately $1,643,775.73. This trade represents a 6.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hippo Price Performance

Shares of Hippo stock traded up $0.05 during trading hours on Monday, reaching $27.79. The company's stock had a trading volume of 451,392 shares, compared to its average volume of 175,313. The firm has a 50 day moving average price of $23.51 and a 200-day moving average price of $26.44. Hippo Holdings Inc. has a one year low of $14.58 and a one year high of $35.44. The stock has a market cap of $699.11 million, a P/E ratio of -5.33 and a beta of 1.48.

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

Institutional Trading of Hippo

Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in shares of Hippo by 72.0% in the 4th quarter. Ameriprise Financial Inc. now owns 38,977 shares of the company's stock worth $1,043,000 after buying an additional 16,313 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Hippo in the 4th quarter worth about $311,000. Fluent Financial LLC bought a new stake in shares of Hippo in the 1st quarter worth about $469,000. JPMorgan Chase & Co. increased its holdings in shares of Hippo by 46.3% in the 4th quarter. JPMorgan Chase & Co. now owns 213,784 shares of the company's stock worth $5,723,000 after buying an additional 67,608 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Hippo by 96.6% during the 4th 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. 43.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.