Shares of Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $38.98 and last traded at $38.22, with a volume of 36604 shares. The stock had previously closed at $37.29.
Wall Street Analysts Forecast Growth
HIPO has been the subject of a number of research analyst reports. Wall Street Zen upgraded Hippo from a "hold" rating to a "buy" rating in a research report on Sunday, August 17th. JMP Securities upped their price target on shares of Hippo from $35.00 to $40.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 7th. Finally, B. Riley upped their price target on shares of Hippo from $35.00 to $41.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.25.
Check Out Our Latest Stock Analysis on Hippo
Hippo Trading Up 0.4%
The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $936.50 million, a P/E ratio of -76.39 and a beta of 1.55. The firm's 50 day simple moving average is $30.85 and its two-hundred day simple moving average is $27.33.
Hippo (NYSE:HIPO - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of ($0.65) by $1.30. The business had revenue of $117.30 million for the quarter, compared to analysts' expectations of $116.00 million. Hippo had a negative net margin of 2.52% and a negative return on equity of 12.13%. As a group, analysts forecast that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.
Insider Activity at Hippo
In other Hippo news, CEO Richard Mccathron sold 2,725 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $34.12, for a total value of $92,977.00. Following the sale, the chief executive officer directly owned 470,388 shares in the company, valued at $16,049,638.56. This represents a 0.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Len Fw Investor, Llc sold 514,309 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $28.17, for a total transaction of $14,488,084.53. Following the completion of the sale, the insider owned 2,476,418 shares in the company, valued at $69,760,695.06. This represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 519,309 shares of company stock worth $14,658,412 over the last quarter. Corporate insiders own 10.80% of the company's stock.
Hedge Funds Weigh In On Hippo
Several institutional investors and hedge funds have recently made changes to their positions in HIPO. Quantbot Technologies LP bought a new position in shares of Hippo during the 2nd quarter valued at $33,000. BNP Paribas Financial Markets bought a new position in shares of Hippo during the 4th quarter valued at $118,000. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Hippo by 12.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company's stock valued at $125,000 after purchasing an additional 489 shares during the last quarter. State of Wyoming bought a new position in shares of Hippo during the 2nd quarter valued at $127,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Hippo by 418.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,402 shares of the company's stock valued at $179,000 after purchasing an additional 5,166 shares during the last quarter. Institutional investors own 43.01% of the company's stock.
Hippo Company Profile
(
Get Free Report)
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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