Insider Selling: Hippo (NYSE:HIPO) CFO Sells 5,177 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Guy Zeltser sold 5,177 shares of the company’s stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hippo Stock Performance

Shares of HIPO stock opened at $37.32 on Monday. The business’s 50 day simple moving average is $31.07 and its 200 day simple moving average is $27.35. Hippo Holdings Inc. has a one year low of $15.74 and a one year high of $38.98. The stock has a market capitalization of $934.12 million, a PE ratio of -76.16 and a beta of 1.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.91.

Hippo (NYSE:HIPO) last announced its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of ($0.65) by $1.30. Hippo had a negative return on equity of 12.13% and a negative net margin of 2.52%.The business had revenue of $117.30 million for the quarter, compared to analysts’ expectations of $116.00 million. As a group, research analysts forecast that Hippo Holdings Inc. will post -3.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on HIPO shares. B. Riley upped their target price on Hippo from $35.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Wall Street Zen upgraded Hippo from a “hold” rating to a “buy” rating in a report on Sunday, August 17th. Finally, JMP Securities increased their price target on Hippo from $35.00 to $40.00 and gave the stock a “market outperform” rating in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

Institutional Investors Weigh In On Hippo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Philadelphia Financial Management of San Francisco LLC purchased a new stake in Hippo in the 1st quarter valued at $2,636,000. Deutsche Bank AG raised its position in Hippo by 251.7% in the 1st quarter. Deutsche Bank AG now owns 60,242 shares of the company’s stock valued at $1,540,000 after buying an additional 43,112 shares during the last quarter. Invesco Ltd. raised its position in Hippo by 256.4% in the 1st quarter. Invesco Ltd. now owns 127,835 shares of the company’s stock valued at $3,267,000 after buying an additional 91,969 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Hippo in the 1st quarter valued at $551,000. Finally, Vanguard Group Inc. raised its position in Hippo by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 1,044,502 shares of the company’s stock valued at $26,697,000 after buying an additional 24,253 shares during the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.

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.