Hippo (NYSE:HIPO) CFO Guy Zeltser Sells 1,819 Shares

Hippo Holdings Inc. (NYSE:HIPO) CFO Guy Zeltser sold 1,819 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $32.16, for a total value of $58,499.04. Following the transaction, the chief financial officer owned 68,860 shares of the company’s stock, valued at $2,214,537.60. The trade was a 2.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Guy Zeltser also recently made the following trade(s):

• On Wednesday, September 17th, Guy Zeltser sold 5,177 shares of Hippo stock. The stock was sold at an average price of $37.48, for a total transaction of $194,033.96.

Hippo Stock Performance

Shares of HIPO stock traded up $0.21 during trading on Thursday, reaching $33.98. 21,857 shares of the company’s stock traded hands, compared to its average volume of 204,125. Hippo Holdings Inc. has a 1 year low of $19.92 and a 1 year high of $38.98. The company has a market capitalization of $860.71 million, a P/E ratio of 9.33 and a beta of 1.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $35.49 and its 200 day moving average is $30.42.

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Hippo in a report on Wednesday, October 8th. Citigroup restated an “outperform” rating on shares of Hippo in a research report on Tuesday, October 14th. JMP Securities set a $45.00 price target on Hippo and gave the company a “market outperform” rating in a report on Tuesday, October 14th. B. Riley boosted their price objective on Hippo from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Wall Street Zen downgraded shares of Hippo from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HIPO. Hood River Capital Management LLC purchased a new position in Hippo in the 2nd quarter worth $13,665,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Hippo in the third quarter worth about $5,842,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Hippo in the 1st quarter valued at about $2,636,000. Sei Investments Co. bought a new position in Hippo during the 2nd quarter worth approximately $2,810,000. Finally, Tenzing Global Management LLC purchased a new position in Hippo in the 1st quarter worth approximately $2,556,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

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.