Hippo (NYSE:HIPO) CEO Sells $174,419.85 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 6,105 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $28.57, for a total value of $174,419.85. Following the completion of the transaction, the chief executive officer owned 46,694 shares in the company, valued at $1,334,047.58. The trade was a 11.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hippo Price Performance

Hippo stock opened at $28.44 on Friday. The company has a fifty day simple moving average of $30.19 and a 200-day simple moving average of $32.58. The firm has a market capitalization of $720.44 million, a price-to-earnings ratio of 7.86 and a beta of 1.57. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a 52-week low of $19.92 and a 52-week high of $38.98.

Institutional Investors Weigh In On Hippo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Hippo by 5.3% in the third quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock valued at $40,085,000 after purchasing an additional 55,394 shares during the period. Geode Capital Management LLC raised its holdings in Hippo by 24.1% in the 4th quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock valued at $16,760,000 after buying an additional 108,359 shares during the period. Hood River Capital Management LLC acquired a new position in Hippo in the second quarter valued at about $13,665,000. Westerly Capital Management LLC lifted its position in Hippo by 24.3% in the fourth quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock valued at $12,634,000 after buying an additional 82,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Hippo by 17.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 364,914 shares of the company’s stock worth $10,977,000 after buying an additional 53,174 shares during the period. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analyst Upgrades and Downgrades

HIPO has been the topic of several recent research reports. Zacks Research upgraded Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Keefe, Bruyette & Woods boosted their price objective on Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hippo in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Hippo News Summary

Here are the key news stories impacting Hippo this week:

• Positive Sentiment: Insider buy: Hippo’s CFO Guy Zeltser previously disclosed a small insider purchase that marginally increased his stake — a modest signal of management confidence that can be viewed positively by investors. Read More.
• Neutral Sentiment: Animal/viral media coverage (noise): Multiple news items and videos about pygmy hippos — a baby born at Wildlife World Zoo, a public naming contest (including an Easter-related angle), and concern over the care of a viral hippo named “Moo Deng” — are trending online but relate to actual hippos, not Hippo Holdings the insurtech company; these stories are unlikely to affect HIPO’s fundamentals. Read More. Read More. Read More.
• Negative Sentiment: CEO insider sale: CEO Torben Ostergaard sold 6,105 shares on Feb. 17 (~$174k), trimming his position by ~11.6% — insider sales can be viewed as profit‑taking and may weigh on near‑term sentiment. Read More.
• Negative Sentiment: Technical and valuation context: HIPO is trading below its 50‑day and 200‑day moving averages, which can add short‑term technical pressure; while the trailing P/E is low (suggesting value to some investors), the technical setup may discourage momentum buyers. Read More.

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.