Hippo (NYSE:HIPO) CEO Torben Ostergaard Sells 3,667 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,667 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $26.10, for a total value of $95,708.70. Following the transaction, the chief executive officer directly owned 65,673 shares in the company, valued at $1,714,065.30. This trade represents a 5.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, February 25th, Torben Ostergaard sold 600 shares of Hippo stock. The shares were sold at an average price of $30.44, for a total value of $18,264.00.

Hippo Trading Down 2.5%

Shares of HIPO traded down $0.68 during trading hours on Tuesday, hitting $25.94. 151,073 shares of the stock traded hands, compared to its average volume of 116,711. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a 1-year low of $21.80 and a 1-year high of $38.98. The firm has a market capitalization of $26.98 million, a PE ratio of 6.01 and a beta of 1.53. The business has a fifty day moving average of $26.69 and a 200-day moving average of $29.39.

Hippo (NYSE:HIPO) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $120.40 million for the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%. Analysts expect that Hippo Holdings Inc. will post 1.03 EPS for the current year.

Institutional Investors Weigh In On Hippo

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Hippo by 5.3% in the third quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock worth $40,085,000 after acquiring an additional 55,394 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hippo by 24.1% in the fourth quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock worth $16,760,000 after acquiring an additional 108,359 shares in the last quarter. Westerly Capital Management LLC increased its holdings in shares of Hippo by 24.3% in the fourth quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock worth $12,634,000 after acquiring an additional 82,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Hippo by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock worth $10,291,000 after acquiring an additional 29,993 shares in the last quarter. Finally, Stoic Point Capital Management LLC increased its holdings in shares of Hippo by 0.8% in the first quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock worth $6,544,000 after acquiring an additional 2,100 shares in the last quarter. 43.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on HIPO shares. B. Riley Financial started coverage on Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price objective for the company. Weiss Ratings upgraded Hippo from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Zacks Research upgraded Hippo to a “hold” rating in a report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on Hippo from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Hippo currently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Hippo Company Profile

Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo’s policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.

Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.