Jump Financial LLC Takes Position in Hippo Holdings Inc. (NYSE:HIPO)

Jump Financial LLC bought a new position in Hippo Holdings Inc. (NYSE:HIPO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,617 shares of the company's stock, valued at approximately $311,000.

A number of other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its position in Hippo by 17.3% during the fourth quarter. Barclays PLC now owns 30,280 shares of the company's stock valued at $811,000 after purchasing an additional 4,464 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Hippo by 90.8% in the 4th quarter. Renaissance Technologies LLC now owns 268,320 shares of the company's stock valued at $7,183,000 after acquiring an additional 127,716 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of 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 acquiring an additional 539 shares during the last quarter. Wells Fargo & Company MN grew its position in Hippo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,216 shares of the company's stock worth $327,000 after acquiring an additional 2,759 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 acquiring an additional 67,608 shares during the last quarter. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hippo Stock Performance

HIPO stock traded up $0.58 during trading on Friday, reaching $23.71. 29,310 shares of the company traded hands, compared to its average volume of 175,644. The business has a 50 day simple moving average of $25.59 and a 200 day simple moving average of $26.41. Hippo Holdings Inc. has a 12 month low of $14.58 and a 12 month high of $35.44. The company has a market capitalization of $594.69 million, a price-to-earnings ratio of -4.55 and a beta of 1.49.

Hippo (NYSE:HIPO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.08. Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%. The business had revenue of $102.00 million for the quarter, compared to analysts' expectations of $97.83 million. As a group, research analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Insider Transactions at Hippo

In other Hippo news, CEO Torben Ostergaard sold 21,146 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $30.05, for a total transaction of $635,437.30. Following the sale, the chief executive officer now owns 74,120 shares of the company's stock, valued at approximately $2,227,306. The trade was a 22.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Assaf Wand sold 12,250 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $26.76, for a total transaction of $327,810.00. Following the completion of the transaction, the chairman now directly owns 499,064 shares of the company's stock, valued at approximately $13,354,952.64. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,975 shares of company stock valued at $1,387,189 in the last quarter. 11.37% of the stock is currently owned by corporate insiders.

Hippo Company Profile

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.