SG Americas Securities LLC Purchases New Shares in Hippo Holdings Inc. (NYSE:HIPO)

SG Americas Securities LLC purchased a new position in shares of Hippo Holdings Inc. (NYSE:HIPO) during the third quarter, HoldingsChannel reports. The fund purchased 10,279 shares of the company’s stock, valued at approximately $174,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Steamboat Capital Partners LLC acquired a new position in shares of Hippo in the 1st quarter valued at approximately $158,000. AQR Capital Management LLC bought a new position in Hippo in the second quarter valued at approximately $194,000. PEAK6 Investments LLC acquired a new position in Hippo during the first quarter valued at approximately $277,000. Squarepoint Ops LLC bought a new stake in Hippo during the second quarter worth $335,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Hippo by 3.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock valued at $427,000 after purchasing an additional 801 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Insider Transactions at Hippo

In related news, CRO Yuval Harry sold 2,958 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $18.49, for a total transaction of $54,693.42. Following the sale, the executive now owns 104,247 shares in the company, valued at $1,927,527.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Yuval Harry sold 2,958 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $18.49, for a total transaction of $54,693.42. Following the transaction, the executive now owns 104,247 shares in the company, valued at $1,927,527.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Assaf Wand sold 12,250 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the transaction, the chairman now directly owns 548,064 shares in the company, valued at approximately $8,873,156.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,627 shares of company stock valued at $278,762. Corporate insiders own 11.37% of the company’s stock.

Wall Street Analysts Forecast Growth

HIPO has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their price target on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their target price on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Monday, August 19th.

Hippo Stock Performance

Hippo stock opened at $18.92 on Thursday. The firm has a market cap of $462.22 million, a price-to-earnings ratio of -1.84 and a beta of 1.34. Hippo Holdings Inc. has a 52-week low of $6.91 and a 52-week high of $25.49. The firm has a 50 day moving average price of $18.35 and a two-hundred day moving average price of $18.27.

Hippo (NYSE:HIPO) last announced its earnings results on Thursday, August 8th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.48) by ($0.16). The firm had revenue of $89.60 million for the quarter, compared to the consensus estimate of $85.40 million. Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. During the same period in the prior year, the business earned ($4.61) EPS. As a group, equities research analysts predict that Hippo Holdings Inc. will post -4.6 EPS for the current fiscal year.

Hippo Profile

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.