Hippo Holdings Inc. (NYSE:HIPO) Stock Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,020,249 shares of the company's stock after acquiring an additional 96,959 shares during the quarter. Vanguard Group Inc. owned approximately 4.19% of Hippo worth $27,312,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Hippo by 9.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company's stock worth $2,553,000 after purchasing an additional 13,586 shares during the last quarter. State Street Corp grew its position in shares of Hippo by 10.5% during the third quarter. State Street Corp now owns 377,537 shares of the company's stock worth $6,373,000 after buying an additional 35,743 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Hippo in the third quarter worth $174,000. Barclays PLC raised its holdings in Hippo by 276.5% in the third quarter. Barclays PLC now owns 25,816 shares of the company's stock valued at $435,000 after acquiring an additional 18,960 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Hippo by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 442,261 shares of the company's stock valued at $7,467,000 after acquiring an additional 26,085 shares during the last quarter. Hedge funds and other institutional investors own 43.01% of the company's stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their target price on shares of Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, April 11th.

Hippo Stock Down 0.9 %

NYSE:HIPO traded down $0.23 during trading hours on Friday, reaching $24.38. 142,584 shares of the stock were exchanged, compared to its average volume of 165,330. The stock has a market capitalization of $611.42 million, a P/E ratio of -4.68 and a beta of 1.49. The firm has a 50 day simple moving average of $26.57 and a 200-day simple moving average of $26.05. Hippo Holdings Inc. has a 52 week low of $14.58 and a 52 week high of $35.44.

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

Insider Transactions at Hippo

In other news, CEO Torben Ostergaard sold 21,146 shares of the business's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Assaf Wand sold 12,250 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $28.90, for a total transaction of $354,025.00. Following the completion of the transaction, the chairman now owns 486,814 shares of the company's stock, valued at approximately $14,068,924.60. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,997 shares of company stock worth $1,469,538. 11.37% of the stock is currently owned by 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.