Hippo Holdings Inc. (NYSE:HIPO – Get Free Report) Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the transaction, the chairman now owns 548,064 shares in the company, valued at approximately $8,873,156.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Hippo Price Performance
Hippo stock opened at $17.12 on Friday. The firm has a market cap of $418.24 million, a price-to-earnings ratio of -1.71 and a beta of 1.34. Hippo Holdings Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $25.49. The firm has a fifty day moving average price of $18.22 and a two-hundred day moving average price of $18.35.
Hippo (NYSE:HIPO – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.48) by ($0.16). The firm had revenue of $89.60 million for the quarter, compared to analyst estimates of $85.40 million. Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. During the same period in the prior year, the firm earned ($4.61) EPS. As a group, sell-side analysts expect that Hippo Holdings Inc. will post -4.68 earnings per share for the current year.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Hippo by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock worth $13,872,000 after acquiring an additional 45,058 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of Hippo by 79.4% during the first quarter. Hood River Capital Management LLC now owns 326,343 shares of the company’s stock valued at $5,962,000 after buying an additional 144,459 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Hippo by 99.2% during the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock valued at $1,050,000 after buying an additional 30,418 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Hippo during the second quarter valued at about $629,000. Finally, Rhumbline Advisers raised its position in shares of Hippo by 93.7% during the second quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock valued at $494,000 after buying an additional 13,899 shares during the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.
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.
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