Hippo (NYSE:HIPO) CEO Sells $38,577.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 1,169 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $33.00, for a total value of $38,577.00. Following the completion of the sale, the chief executive officer directly owned 61,824 shares of the company’s stock, valued at $2,040,192. This trade represents a 1.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hippo Stock Performance

NYSE HIPO opened at $32.64 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. Hippo Holdings Inc. has a 52 week low of $24.08 and a 52 week high of $38.98. The business has a 50 day moving average price of $29.38 and a 200-day moving average price of $27.80. The company has a market cap of $861.37 million, a price-to-earnings ratio of 7.02 and a beta of 1.47.

Hippo (NYSE:HIPO) last issued its earnings results on Thursday, July 30th. The company reported $0.79 earnings per share (EPS) 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 company had revenue of $144.70 million for the quarter, compared to analysts’ expectations of $137.44 million. As a group, equities analysts expect that Hippo Holdings Inc. will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Hippo during the 4th quarter valued at $26,000. Altshuler Shaham Ltd boosted its holdings in shares of Hippo by 270.4% in the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 730 shares during the last quarter. Quantbot Technologies LP bought a new position in Hippo during the second quarter valued at about $33,000. Torren Management LLC bought a new position in Hippo during the fourth quarter valued at about $55,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Hippo during the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HIPO shares. B. Riley Financial restated a “buy” rating and issued a $41.50 target price (up from $38.00) on shares of Hippo in a report on Monday, August 3rd. Zacks Research upgraded Hippo from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods boosted their price objective on Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Hippo in a research note on Friday, July 31st. Finally, Texas Capital raised Hippo to a “strong-buy” rating in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $40.50.

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.