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

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 1,169 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $35.03, for a total transaction of $40,950.07. Following the completion of the sale, the chief executive officer owned 60,655 shares of the company’s stock, valued at approximately $2,124,744.65. This trade represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 17th, Torben Ostergaard sold 1,169 shares of Hippo stock. The stock was sold at an average price of $33.00, for a total transaction of $38,577.00.

Hippo Stock Up 0.1%

Shares of HIPO stock traded up $0.04 during trading hours on Friday, reaching $35.30. 157,183 shares of the company’s stock were exchanged, compared to its average volume of 205,615. The stock’s 50 day moving average is $32.65 and its 200-day moving average is $29.28. The company has a market cap of $931.57 million, a price-to-earnings ratio of 7.59 and a beta of 1.55. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. Hippo Holdings Inc. has a fifty-two week low of $24.08 and a fifty-two week high of $38.72.

Hippo (NYSE:HIPO) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.96. Hippo had a return on equity of 10.68% and a net margin of 23.92%. The firm had revenue of $144.70 million during the quarter, compared to analysts’ expectations of $137.44 million. Analysts predict that Hippo Holdings Inc. will post 1.50 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. B. Riley Financial restated a “buy” rating and set a $41.50 price objective (up from $38.00) on shares of Hippo in a report on Monday, August 3rd. Zacks Research lowered shares of Hippo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hippo in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.25.

Institutional Investors Weigh In On Hippo

Large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Hippo by 17.8% in the 2nd quarter. BlackRock Inc. now owns 1,498,306 shares of the company’s stock valued at $42,342,000 after acquiring an additional 226,533 shares during the period. State Street Corp lifted its position in Hippo by 9.1% during the 2nd quarter. State Street Corp now owns 443,716 shares of the company’s stock worth $12,539,000 after acquiring an additional 37,097 shares during the period. Dimensional Fund Advisors LP lifted its position in Hippo by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock worth $10,291,000 after acquiring an additional 29,993 shares during the period. Stoic Point Capital Management LLC grew its stake in Hippo by 0.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock valued at $6,544,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Hippo by 25.4% during the 1st quarter. Sei Investments Co. now owns 161,440 shares of the company’s stock valued at $4,207,000 after purchasing an additional 32,728 shares during the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.

About Hippo

Hippo Holdings Inc is a technology-focused property and casualty insurance company that provides homeowners insurance and related services in the United States. The company combines digital insurance tools, data analytics and home-monitoring technology to simplify the process of obtaining coverage and managing a policy.

Hippo’s offerings are centered on homeowners insurance, including coverage for residential property, personal belongings, liability and additional living expenses. Through its home protection platform, the company also provides resources and services intended to help customers identify and address potential risks before they lead to costly losses, such as water leaks, fire hazards and other property-related issues.

Founded in 2015 by Assaf Wand and Eyal Navon, Hippo became a publicly traded company in 2021 through a business combination with Reinvent Technology Partners Z.