Hippo (NYSE:HIPO) CEO Torben Ostergaard Sells 1,169 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 1,169 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $33.00, for a total transaction of $38,577.00. Following the completion of the sale, the chief executive officer directly owned 61,824 shares of the company’s stock, valued at approximately $2,040,192. This trade represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hippo Stock Performance

HIPO stock traded up $0.29 during trading on Tuesday, reaching $32.94. 176,635 shares of the stock were exchanged, compared to its average volume of 175,118. Hippo Holdings Inc. has a twelve month low of $24.08 and a twelve month high of $38.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $869.15 million, a P/E ratio of 7.08 and a beta of 1.47. The stock has a 50 day simple moving average of $29.09 and a 200-day simple moving average of $27.77.

Hippo (NYSE:HIPO) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.96. The company had revenue of $144.70 million during the quarter, compared to the consensus estimate of $137.44 million. Hippo had a return on equity of 10.68% and a net margin of 23.92%. As a group, sell-side analysts anticipate that Hippo Holdings Inc. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

HIPO has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Hippo in a research report on Friday, July 31st. Zacks Research upgraded Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Keefe, Bruyette & Woods lifted their price target on Hippo from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. 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, August 3rd. Finally, Texas Capital raised Hippo to a “strong-buy” rating in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hippo presently has an average rating of “Buy” and an average price target of $40.50.

Hedge Funds Weigh In On Hippo

Several institutional investors and hedge funds have recently modified their holdings of HIPO. Caitong International Asset Management Co. Ltd acquired a new position in Hippo in the 4th quarter valued at about $26,000. Altshuler Shaham Ltd boosted its holdings in shares of Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares during the period. Quantbot Technologies LP acquired a new position in shares of Hippo in the second quarter valued at approximately $33,000. Torren Management LLC bought a new position in shares of Hippo during the fourth quarter worth approximately $55,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Hippo during the 4th quarter worth approximately $56,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

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.