Sei Investments Co. Purchases 32,728 Shares of Hippo Holdings Inc. $HIPO

Sei Investments Co. raised its position in Hippo Holdings Inc. (NYSE:HIPO) by 25.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,440 shares of the company’s stock after purchasing an additional 32,728 shares during the period. Sei Investments Co. owned approximately 0.16% of Hippo worth $4,207,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Hippo by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock valued at $40,085,000 after buying an additional 55,394 shares during the period. Geode Capital Management LLC raised its stake in Hippo by 24.1% during the 4th quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock worth $16,760,000 after buying an additional 108,359 shares during the period. Westerly Capital Management LLC raised its stake in Hippo by 24.3% during the 4th quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock worth $12,634,000 after buying an additional 82,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hippo by 8.2% during 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 bought a new position in Hippo during the fourth quarter worth about $7,490,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Hippo Stock Performance

HIPO opened at $32.35 on Thursday. The business’s 50-day moving average price is $27.68 and its two-hundred day moving average price is $27.63. Hippo Holdings Inc. has a 1 year low of $24.08 and a 1 year high of $38.98. The company has a market capitalization of $842.37 million, a price-to-earnings ratio of 6.96 and a beta of 1.47. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95.

Hippo (NYSE:HIPO) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.96. The company had revenue of $144.70 million during the quarter, compared to analysts’ expectations of $137.44 million. Hippo had a return on equity of 10.68% and a net margin of 23.92%. Equities analysts expect that Hippo Holdings Inc. will post 0.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Torben Ostergaard sold 3,667 shares of Hippo stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the completion of the sale, the chief executive officer directly owned 604,212 shares in the company, valued at approximately $16,374,145.20. This represents a 0.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,336 shares of company stock valued at $550,564 in the last quarter. 4.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HIPO shares. B. Riley Financial restated a “buy” rating and issued a $41.50 price target (up from $38.00) on shares of Hippo in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Hippo in a research report on Friday, July 31st. Texas Capital raised Hippo to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hippo from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

About Hippo

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.