Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $27.10, but opened at $27.81. Hippo shares last traded at $29.09, with a volume of 27,272 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts recently commented on HIPO shares. Keefe, Bruyette & Woods upped their target price on Hippo from $24.00 to $26.00 and gave the company a "market perform" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group dropped their target price on Hippo from $43.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.
View Our Latest Analysis on Hippo
Hippo Stock Down 4.4%
The stock has a 50-day moving average of $23.93 and a 200 day moving average of $26.31. The stock has a market cap of $711.24 million, a PE ratio of -5.43 and a beta of 1.48.
Hippo (NYSE:HIPO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.41) by ($0.50). Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%. The company had revenue of $110.30 million during the quarter, compared to analyst estimates of $106.70 million. On average, equities analysts anticipate that Hippo Holdings Inc. will post -3.63 EPS for the current year.
Insider Buying and Selling at Hippo
In other news, CEO Torben Ostergaard sold 4,889 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $24.61, for a total transaction of $120,318.29. Following the completion of 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 filing with the SEC, which is available through this link. 10.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Invesco Ltd. raised its stake in Hippo by 1.5% in the 4th quarter. Invesco Ltd. now owns 35,866 shares of the company's stock valued at $960,000 after purchasing an additional 539 shares during the last quarter. AQR Capital Management LLC raised its stake in Hippo by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 16,193 shares of the company's stock valued at $414,000 after purchasing an additional 1,236 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Hippo by 13.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 11,736 shares of the company's stock valued at $314,000 after buying an additional 1,400 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Hippo by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company's stock worth $4,087,000 after acquiring an additional 1,424 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Hippo by 5.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,768 shares of the company's stock worth $717,000 after acquiring an additional 1,434 shares during the last quarter. 43.01% of the stock is owned by institutional investors and hedge funds.
About Hippo
(
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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