Hippo (NYSE:HIPO) CEO Torben Ostergaard Sells 3,667 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,667 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $26.10, for a total value of $95,708.70. Following the completion of the sale, the chief executive officer owned 65,673 shares of the company’s stock, valued at $1,714,065.30. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Torben Ostergaard also recently made the following trade(s):

• On Wednesday, February 25th, Torben Ostergaard sold 600 shares of Hippo stock. The stock was sold at an average price of $30.44, for a total value of $18,264.00.

Hippo Trading Down 2.5%

Shares of Hippo stock traded down $0.68 during trading hours on Tuesday, hitting $25.94. The company’s stock had a trading volume of 151,073 shares, compared to its average volume of 116,711. Hippo Holdings Inc. has a 12 month low of $21.80 and a 12 month high of $38.98. The stock has a 50 day moving average of $26.69 and a 200 day moving average of $29.39. The company has a market capitalization of $26.98 million, a PE ratio of 6.01 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.99 and a quick ratio of 0.99.

Hippo (NYSE:HIPO) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.67 earnings per share for the quarter. The company had revenue of $120.40 million during the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%. Analysts predict that Hippo Holdings Inc. will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Hippo during the fourth quarter valued at approximately $26,000. Altshuler Shaham Ltd boosted its position in Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 730 shares during the last quarter. Quantbot Technologies LP acquired a new position in Hippo during the second quarter valued at approximately $33,000. AlphaQuest LLC boosted its position in Hippo by 109.5% during the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after purchasing an additional 654 shares during the last quarter. Finally, Torren Management LLC acquired a new position in Hippo during the fourth quarter valued at approximately $55,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HIPO shares. Keefe, Bruyette & Woods upped their price objective on Hippo from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Weiss Ratings raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. B. Riley Financial started coverage on Hippo in a research report on Friday, April 17th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Zacks Research raised Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.33.

About Hippo

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.