Hippo (HIPO) Projected to Post Earnings on Thursday

Hippo (NYSE:HIPO) is anticipated to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $97.83 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Hippo Trading Up 2.4 %

Shares of HIPO opened at $29.32 on Wednesday. The company’s 50-day moving average price is $27.85 and its 200 day moving average price is $24.42. Hippo has a 12-month low of $14.22 and a 12-month high of $34.24. The firm has a market cap of $714.26 million, a P/E ratio of -5.63 and a beta of 1.52.

Wall Street Analysts Forecast Growth

Separately, JMP Securities boosted their price target on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd.

Insider Transactions at Hippo

In other Hippo news, CEO Torben Ostergaard sold 2,092 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $26.46, for a total transaction of $55,354.32. Following the sale, the chief executive officer now directly owns 104,332 shares in the company, valued at $2,760,624.72. This represents a 1.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Stienstra sold 2,329 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $30.02, for a total transaction of $69,916.58. Following the completion of the transaction, the insider now directly owns 59,648 shares of the company’s stock, valued at $1,790,632.96. This represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 81,133 shares of company stock worth $2,220,110 over the last ninety days. Company insiders own 11.37% of the company’s stock.

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.