Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard Sells 4,889 Shares

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 4,889 shares of the company's stock in a transaction dated 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 directly owns 66,793 shares of the company's stock, valued at $1,643,775.73. This represents a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hippo Stock Performance

Hippo stock traded up $2.60 during trading hours on Friday, hitting $27.73. 322,126 shares of the stock were exchanged, compared to its average volume of 173,527. The stock has a market capitalization of $697.63 million, a P/E ratio of -5.32 and a beta of 1.48. The business's 50-day moving average is $23.39 and its two-hundred day moving average is $26.55. Hippo Holdings Inc. has a 12 month low of $14.58 and a 12 month high of $35.44.

Hippo (NYSE:HIPO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($1.91) EPS 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 for the quarter, compared to the consensus estimate of $106.70 million. On average, equities analysts predict that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HIPO. Jefferies Financial Group lowered 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. Keefe, Bruyette & Woods upped their price target on Hippo from $24.00 to $26.00 and gave the company a "market perform" rating in a research report on Tuesday, April 22nd.

Institutional Trading of Hippo

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in Hippo during the 4th quarter worth about $118,000. The Manufacturers Life Insurance Company acquired a new stake in Hippo during the 4th quarter worth $200,000. Two Sigma Advisers LP bought a new position in Hippo during the fourth quarter worth about $200,000. EntryPoint Capital LLC acquired a new stake in Hippo in the fourth quarter worth $204,000. Finally, GAMMA Investing LLC boosted its position in Hippo by 4,916.3% during the 1st quarter. GAMMA Investing LLC now owns 8,026 shares of the company's stock worth $2,050,000 after acquiring an additional 7,866 shares during the last quarter. Institutional investors own 43.01% of the company's stock.

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.

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