Hippo (NYSE:HIPO) CEO Sells $95,708.70 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,667 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was 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 approximately $1,714,065.30. This represents a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Hippo Stock Performance

NYSE HIPO opened at $25.95 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a 52-week low of $21.99 and a 52-week high of $38.98. The business’s 50-day moving average price is $26.68 and its 200 day moving average price is $29.23. The firm has a market cap of $675.66 million, a P/E ratio of 6.01 and a beta of 1.53.

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

Institutional Investors Weigh In On Hippo

A number of hedge funds and other institutional investors have recently modified their holdings of HIPO. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hippo during the 4th quarter valued at approximately $26,000. Altshuler Shaham Ltd raised its position in shares of Hippo by 270.4% during the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 730 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Hippo during the 2nd quarter worth approximately $33,000. AlphaQuest LLC raised its position in shares of Hippo by 109.5% during the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after purchasing an additional 654 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of Hippo during the 4th quarter worth approximately $55,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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