G2 Investment Partners Management LLC Purchases New Holdings in Hippo Holdings Inc. $HIPO

G2 Investment Partners Management LLC purchased a new stake in Hippo Holdings Inc. (NYSE:HIPO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,900 shares of the company’s stock, valued at approximately $1,673,000. G2 Investment Partners Management LLC owned approximately 0.24% of Hippo as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Hippo by 12.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock valued at $125,000 after buying an additional 489 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Hippo in the second quarter valued at $33,000. AQR Capital Management LLC grew its position in shares of Hippo by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 16,193 shares of the company’s stock valued at $414,000 after acquiring an additional 1,236 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Hippo by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 154,130 shares of the company’s stock worth $3,940,000 after purchasing an additional 1,466 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Hippo by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 43,417 shares of the company’s stock valued at $1,213,000 after purchasing an additional 2,588 shares during the period. Institutional investors own 43.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HIPO. 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 research note on Friday, November 14th. JMP Securities set a $45.00 price target on Hippo and gave the company a “market outperform” rating in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Hippo from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Insider Transactions at Hippo

In other Hippo news, CFO Guy Zeltser sold 5,177 shares of Hippo stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $37.48, for a total value of $194,033.96. Following the completion of the sale, the chief financial officer owned 74,861 shares in the company, valued at $2,805,790.28. The trade was a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $29.82, for a total transaction of $149,100.00. Following the completion of the sale, the chief executive officer directly owned 452,704 shares of the company’s stock, valued at $13,499,633.28. This represents a 1.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,996 shares of company stock worth $401,633. 10.80% of the stock is owned by insiders.

Hippo Stock Performance

NYSE:HIPO opened at $31.17 on Friday. The stock has a 50 day simple moving average of $33.84 and a 200 day simple moving average of $31.42. The stock has a market cap of $789.64 million, a P/E ratio of 8.61 and a beta of 1.57. Hippo Holdings Inc. has a 1-year low of $19.92 and a 1-year high of $38.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11.

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

Hippo Company 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.