Torben Ostergaard Sells 2,444 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 2,444 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $29.95, for a total value of $73,197.80. Following the completion of the transaction, the chief executive officer now directly owns 64,349 shares of the company's stock, valued at approximately $1,927,252.55. The trade was a 3.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Torben Ostergaard also recently made the following trade(s):

• On Wednesday, June 4th, Torben Ostergaard sold 4,889 shares of Hippo stock. The stock was sold at an average price of $24.61, for a total transaction of $120,318.29.

Hippo Stock Performance

Shares of NYSE:HIPO traded up $0.58 during mid-day trading on Thursday, hitting $29.01. The stock had a trading volume of 202,568 shares, compared to its average volume of 185,501. The company's 50 day moving average is $24.27 and its 200-day moving average is $26.32. Hippo Holdings Inc. has a 12-month low of $14.58 and a 12-month high of $35.44. The company has a market cap of $729.80 million, a PE ratio of -13.31 and a beta of 1.48.

Hippo (NYSE:HIPO - Get Free Report) last released its 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). The business had revenue of $110.30 million during the quarter, compared to analysts' expectations of $106.70 million. Hippo had a negative net margin of 13.21% and a negative return on equity of 29.27%. On average, equities research analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HIPO shares. Jefferies Financial Group decreased their target price on Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, April 11th. 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 report on Tuesday, April 22nd.

Institutional Investors Weigh In On Hippo

Institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hippo in the 1st quarter valued at about $551,000. Tenzing Global Management LLC purchased a new position in Hippo during the first quarter valued at approximately $2,556,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in Hippo in the 1st quarter valued at approximately $2,636,000. AQR Capital Management LLC lifted its position in Hippo by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 16,193 shares of the company's stock worth $414,000 after buying an additional 1,236 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Hippo during the 1st quarter valued at $485,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

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.