Trexquant Investment LP cut its stake in Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 47.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,783 shares of the company's stock after selling 26,657 shares during the period. Trexquant Investment LP owned 0.12% of Hippo worth $797,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HIPO. EntryPoint Capital LLC bought a new stake in shares of Hippo in the 4th quarter valued at $204,000. Public Employees Retirement System of Ohio bought a new position in shares of Hippo in the 3rd quarter worth about $174,000. SG Americas Securities LLC lifted its stake in shares of Hippo by 33.2% in the 4th quarter. SG Americas Securities LLC now owns 13,691 shares of the company's stock valued at $367,000 after purchasing an additional 3,412 shares during the period. Barclays PLC boosted its position in shares of Hippo by 276.5% during the 3rd quarter. Barclays PLC now owns 25,816 shares of the company's stock valued at $435,000 after purchasing an additional 18,960 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Hippo by 8.1% during the fourth quarter. American Century Companies Inc. now owns 34,688 shares of the company's stock worth $929,000 after purchasing an additional 2,591 shares during the period. Institutional investors and hedge funds own 43.01% of the company's stock.
Analysts Set New Price Targets
Separately, Jefferies Financial Group dropped their price target on Hippo from $43.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th.
Read Our Latest Analysis on HIPO
Insider Activity at Hippo
In other Hippo news, insider Michael Stienstra sold 2,329 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $30.02, for a total transaction of $69,916.58. Following the sale, the insider now owns 59,648 shares of the company's stock, valued at $1,790,632.96. The trade was a 3.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Assaf Wand sold 12,250 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $26.76, for a total value of $327,810.00. Following the completion of the transaction, the chairman now 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. Over the last three months, insiders sold 50,997 shares of company stock valued at $1,469,538. 11.37% of the stock is owned by insiders.
Hippo Price Performance
Shares of HIPO traded down $0.49 during trading hours on Thursday, hitting $24.12. The stock had a trading volume of 27,483 shares, compared to its average volume of 164,284. Hippo Holdings Inc. has a 1-year low of $14.58 and a 1-year high of $35.44. The firm has a market capitalization of $605.00 million, a P/E ratio of -4.64 and a beta of 1.49. The firm has a 50 day simple moving average of $26.82 and a 200-day simple moving average of $25.89.
Hippo (NYSE:HIPO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.08. The company had revenue of $102.00 million for the quarter, compared to analyst estimates of $97.83 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. Equities analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.
Hippo Company Profile
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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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