EntryPoint Capital LLC Takes Position in Hippo Holdings Inc. (NYSE:HIPO)

EntryPoint Capital LLC purchased a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,635 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Hippo in the 3rd quarter valued at about $174,000. SG Americas Securities LLC increased its stake in Hippo by 33.2% in the 4th quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock valued at $367,000 after buying an additional 3,412 shares during the period. Barclays PLC lifted its position in Hippo by 276.5% in the 3rd quarter. Barclays PLC now owns 25,816 shares of the company’s stock worth $435,000 after buying an additional 18,960 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Hippo by 8.1% during the 4th quarter. American Century Companies Inc. now owns 34,688 shares of the company’s stock valued at $929,000 after buying an additional 2,591 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Hippo by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 48,311 shares of the company’s stock valued at $1,293,000 after acquiring an additional 2,910 shares in the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hippo

In other news, CFO Stewart Ellis sold 10,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.34, for a total transaction of $263,400.00. Following the transaction, the chief financial officer now owns 318,215 shares of the company’s stock, valued at approximately $8,381,783.10. This represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Torben Ostergaard sold 3,022 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $25.77, for a total value of $77,876.94. Following the completion of the sale, the chief executive officer now owns 98,288 shares of the company’s stock, valued at approximately $2,532,881.76. This trade represents a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,269 shares of company stock valued at $2,129,560. 11.37% of the stock is currently owned by corporate insiders.

Hippo Trading Up 0.5 %

NYSE HIPO opened at $25.95 on Friday. Hippo Holdings Inc. has a 1-year low of $14.58 and a 1-year high of $35.44. The firm’s fifty day simple moving average is $28.17 and its 200-day simple moving average is $25.43. The company has a market capitalization of $650.88 million, a PE ratio of -4.98 and a beta of 1.50.

Hippo (NYSE:HIPO) last issued its earnings results on Wednesday, March 5th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.08. The company had revenue of $102.00 million for the quarter, compared to analyst estimates of $97.83 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. As a group, analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current year.

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.