Key Points
- CFO Guy Zeltser sold 1,819 shares on November 18 at an average price of $32.16 for proceeds of $58,499.04, reducing his stake to 68,860 shares (a 2.57% decrease).
- Hippo posted a strong quarterly beat with $0.70 EPS (vs. $0.04 expected) and $120.6M revenue, but analysts still forecast -3.63 EPS for the fiscal year and the stock carries an average rating of Moderate Buy with a $35.50 price target.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CFO Guy Zeltser sold 1,819 shares of the company's stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $32.16, for a total value of $58,499.04. Following the transaction, the chief financial officer directly 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 legal filing with the Securities & Exchange Commission, which is available 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 value of $194,033.96.
Hippo Trading Up 0.6%
Shares of HIPO traded up $0.21 during mid-day trading on Thursday, hitting $33.98. 21,857 shares of the company's stock traded hands, compared to its average volume of 204,125. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $860.71 million, a P/E ratio of 9.33 and a beta of 1.56. The business's 50-day moving average price is $35.49 and its 200-day moving average price is $30.42. Hippo Holdings Inc. has a 1 year low of $19.92 and a 1 year high of $38.98.
Hippo (NYSE:HIPO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.66. The company had revenue of $120.60 million during the quarter, compared to analyst estimates of $117.75 million. Hippo had a negative return on equity of 5.89% and a net margin of 21.30%. As a group, sell-side analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.
Hedge Funds Weigh In On Hippo
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Hippo by 2.4% in the first quarter. Vanguard Group Inc. now owns 1,044,502 shares of the company's stock worth $26,697,000 after buying an additional 24,253 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hippo by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 154,130 shares of the company's stock valued at $3,940,000 after purchasing an additional 1,466 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Hippo by 251.7% in the 1st quarter. Deutsche Bank AG now owns 60,242 shares of the company's stock worth $1,540,000 after purchasing an additional 43,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Hippo by 5.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,451 shares of the company's stock worth $2,644,000 after purchasing an additional 5,469 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Hippo by 256.4% during the first quarter. Invesco Ltd. now owns 127,835 shares of the company's stock valued at $3,267,000 after purchasing an additional 91,969 shares in the last quarter. Institutional investors own 43.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hippo in a research report on Wednesday, October 8th. Wall Street Zen lowered Hippo from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Zacks Research upgraded Hippo from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 14th. Citigroup reaffirmed an "outperform" rating on shares of Hippo in a research note on Tuesday, October 14th. Finally, JMP Securities set a $45.00 price objective on Hippo and gave the company a "market outperform" rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.50.
Check Out Our Latest Report on HIPO
About Hippo
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
