Hippo Holdings Inc. (NYSE:HIPO - Get Free Report)'s share price shot up 10.2% during trading on Friday . The company traded as high as $27.74 and last traded at $27.69. 183,060 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 173,151 shares. The stock had previously closed at $25.13.
Analyst Upgrades and Downgrades
A number of research firms recently commented on HIPO. Jefferies Financial Group cut their price objective on Hippo from $43.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods lifted their price objective on Hippo from $24.00 to $26.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 22nd.
View Our Latest Stock Analysis on Hippo
Hippo Price Performance
The firm has a market capitalization of $699.11 million, a P/E ratio of -5.33 and a beta of 1.48. The stock has a fifty day simple moving average of $23.51 and a two-hundred day simple moving average of $26.44.
Hippo (NYSE:HIPO - Get Free Report) last issued 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). The business had revenue of $110.30 million during the quarter, compared to the consensus estimate of $106.70 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. As a group, sell-side analysts expect that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Torben Ostergaard sold 4,889 shares of the business'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 sale, the chief executive officer now owns 66,793 shares in the company, valued at $1,643,775.73. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.37% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Hippo
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Hippo by 2.4% during the first quarter. Vanguard Group Inc. now owns 1,044,502 shares of the company's stock valued at $26,697,000 after acquiring an additional 24,253 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Hippo by 90.8% during the fourth quarter. Renaissance Technologies LLC now owns 268,320 shares of the company's stock worth $7,183,000 after buying an additional 127,716 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hippo by 96.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 228,137 shares of the company's stock worth $6,107,000 after buying an additional 112,108 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Hippo by 46.3% during the fourth 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 in the last quarter. Finally, Northern Trust Corp grew its holdings in Hippo by 1.4% during the fourth quarter. Northern Trust Corp now owns 161,253 shares of the company's stock worth $4,317,000 after buying an additional 2,232 shares in the last quarter. Institutional investors own 43.01% of the company's stock.
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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