Insider Selling: Hippo (NYSE:HIPO) CFO Sells 1,819 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Guy Zeltser sold 1,819 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $32.16, for a total transaction of $58,499.04. Following the transaction, the chief financial officer directly owned 68,860 shares of the company’s stock, valued at approximately $2,214,537.60. This represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Guy Zeltser also recently made the following trade(s):

• On Wednesday, September 17th, Guy Zeltser sold 5,177 shares of Hippo stock. The shares were sold at an average price of $37.48, for a total transaction of $194,033.96.

Hippo Trading Up 5.0%

HIPO stock traded up $1.61 during midday trading on Wednesday, reaching $33.73. 299,170 shares of the company’s stock traded hands, compared to its average volume of 204,985. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. Hippo Holdings Inc. has a fifty-two week low of $19.92 and a fifty-two week high of $38.98. The business has a 50-day moving average price of $35.53 and a two-hundred day moving average price of $30.40. The company has a market capitalization of $854.42 million, a P/E ratio of 9.32 and a beta of 1.56.

Hippo (NYSE:HIPO) last issued its earnings results on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.66. The business had revenue of $120.60 million for the quarter, compared to the consensus estimate of $117.75 million. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. Equities research analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Hippo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake 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 buying an additional 55,394 shares during the last quarter. Hood River Capital Management LLC acquired a new position in Hippo during the 2nd quarter worth $13,665,000. Westerly Capital Management LLC grew its holdings in Hippo by 3.7% during the 3rd quarter. Westerly Capital Management LLC now owns 338,000 shares of the company’s stock worth $12,222,000 after acquiring an additional 12,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hippo by 8.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 311,740 shares of the company’s stock worth $11,271,000 after purchasing an additional 23,275 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Hippo by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 213,658 shares of the company’s stock valued at $7,726,000 after purchasing an additional 5,186 shares in the last quarter. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HIPO has been the topic of a number of recent research reports. B. Riley boosted their price objective on Hippo from $35.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Citigroup reiterated an “outperform” rating on shares of Hippo in a report on Tuesday, October 14th. Zacks Research upgraded Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Wall Street Zen downgraded shares of Hippo from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hippo in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.50.

About Hippo

Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.