Hippo (NYSE:HIPO) Stock: Insider Torben Ostergaard Sells 1,169 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 1,169 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $35.03, for a total transaction of $40,950.07. Following the completion of the sale, the chief executive officer directly owned 60,655 shares in the company, valued at $2,124,744.65. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 17th, Torben Ostergaard sold 1,169 shares of Hippo stock. The stock was sold at an average price of $33.00, for a total transaction of $38,577.00.

Hippo Trading Up 0.1%

Shares of Hippo stock opened at $35.30 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a fifty day moving average price of $32.65 and a 200 day moving average price of $29.28. Hippo Holdings Inc. has a 1 year low of $24.08 and a 1 year high of $38.72. The stock has a market cap of $931.57 million, a PE ratio of 7.59 and a beta of 1.55.

Hippo (NYSE:HIPO) last posted its earnings results on Thursday, July 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.96. Hippo had a net margin of 23.92% and a return on equity of 10.68%. The company had revenue of $144.70 million during the quarter, compared to the consensus estimate of $137.44 million. Equities research analysts predict that Hippo Holdings Inc. will post 1.50 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Hippo in the fourth quarter worth about $26,000. State of Alaska Department of Revenue purchased a new stake in shares of Hippo during the 3rd quarter worth about $31,000. State of Wyoming grew its position in shares of Hippo by 22.9% during the 2nd quarter. State of Wyoming now owns 8,666 shares of the company’s stock valued at $245,000 after acquiring an additional 1,612 shares during the period. Stoic Point Capital Management LLC grew its position in shares of Hippo by 0.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock valued at $6,544,000 after acquiring an additional 2,100 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo during the 2nd quarter valued at about $178,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Analyst Ratings Changes

HIPO has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on Hippo from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. B. Riley Financial restated a “buy” rating and issued a $41.50 target price (up from $38.00) on shares of Hippo in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hippo in a report on Friday, July 31st. Finally, Zacks Research cut Hippo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hippo presently has a consensus rating of “Moderate Buy” and an average price target of $38.25.

Hippo Company Profile

Hippo Holdings Inc is a technology-focused property and casualty insurance company that provides homeowners insurance and related services in the United States. The company combines digital insurance tools, data analytics and home-monitoring technology to simplify the process of obtaining coverage and managing a policy.

Hippo’s offerings are centered on homeowners insurance, including coverage for residential property, personal belongings, liability and additional living expenses. Through its home protection platform, the company also provides resources and services intended to help customers identify and address potential risks before they lead to costly losses, such as water leaks, fire hazards and other property-related issues.

Founded in 2015 by Assaf Wand and Eyal Navon, Hippo became a publicly traded company in 2021 through a business combination with Reinvent Technology Partners Z.