Key Points
- CEO Torben Ostergaard sold 6,105 Hippo shares on Feb. 17 at an average price of $28.57 for about $174,420, cutting his holding by 11.56% to 46,694 shares — insider selling may pressure sentiment.
- Hippo is trading below its 50- and 200-day moving averages ($30.28 and $32.59), has a market cap of roughly $718.6 million and a trailing P/E of about 7.8, reflecting mixed valuation and short-term technical headwinds.
- Analysts have a consensus "Moderate Buy" with a $37.50 average price target, institutional investors own about 43% of the stock, and a small insider purchase by CFO Guy Zeltser earlier offers a countervailing signal of confidence.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 6,105 shares of Hippo stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $28.57, for a total transaction of $174,419.85. Following the sale, the chief executive officer directly owned 46,694 shares in the company, valued at approximately $1,334,047.58. This trade represents a 11.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Hippo Price Performance
Hippo stock opened at $28.37 on Thursday. The company has a fifty day simple moving average of $30.28 and a 200-day simple moving average of $32.59. The firm has a market capitalization of $718.59 million, a price-to-earnings ratio of 7.84 and a beta of 1.57. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a 52-week low of $19.92 and a 52-week high of $38.98.
Institutional Trading of Hippo
Institutional investors and hedge funds have recently bought and sold shares of the business. Hood River Capital Management LLC acquired a new stake in shares of Hippo in the second quarter valued at $13,665,000. Huntleigh Advisors Inc. purchased a new stake in Hippo during the 3rd quarter worth about $2,170,000. Principal Financial Group Inc. raised its position in Hippo by 149.6% in the 3rd quarter. Principal Financial Group Inc. now owns 70,791 shares of the company's stock valued at $2,560,000 after purchasing an additional 42,427 shares in the last quarter. G2 Investment Partners Management LLC purchased a new position in shares of Hippo in the 2nd quarter valued at about $1,673,000. Finally, Entropy Technologies LP acquired a new position in shares of Hippo during the second quarter worth about $237,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have weighed in on HIPO shares. Keefe, Bruyette & Woods boosted their price objective on Hippo from $33.00 to $34.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hippo in a research note on Thursday, January 22nd. Finally, Zacks Research raised Hippo from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hippo has an average rating of "Moderate Buy" and a consensus price target of $37.50.
Check Out Our Latest Stock Report on Hippo
Trending Headlines about Hippo
Here are the key news stories impacting Hippo this week:
- Positive Sentiment: CFO buy: Hippo’s CFO Guy Zeltser disclosed a purchase of 665 shares (bought in November at $7.23) that modestly increased his stake to 69,525 shares — a small insider buy that can be viewed as a signal of confidence from management. CFO purchase filing
- Neutral Sentiment: Viral/animal stories: Multiple articles and videos about hippopotamuses (viral attacks, zoo habitat concerns, World Hippo Day, a baby pygmy hippo naming contest) are trending in the media but relate to the animal, not Hippo Holdings the insurtech company — these are unlikely to affect HIPO’s fundamentals or near-term stock moves. Viral hippo attack article Zoo response article
- Negative Sentiment: CEO sale: CEO Torben Ostergaard sold 6,105 shares on Feb. 17 at an average price of $28.57 for roughly $174k, reducing his holdings by ~11.6% — insider selling can be perceived as profit-taking and may pressure sentiment, especially given the sale occurred near recent trading levels. CEO sale filing
- Negative Sentiment: Technical/valuation context: HIPO opened near $28.37 and is trading below its 50-day ($30.28) and 200-day ($32.59) moving averages; while the trailing PE (~7.8) suggests a low multiple, being under moving averages can add short-term technical pressure on the share price. Market data
About Hippo
(
Get Free Report)
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.
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