Key Points
- Hippo CEO Torben Ostergaard sold 3,667 shares on May 15 at an average price of $26.10, totaling about $95,709. After the sale, he still held 65,673 shares, and the transaction reduced his ownership by 5.29%.
- Hippo’s stock fell 2.5% and opened at $25.94, below its 50-day moving average of $26.69 and 200-day moving average of $29.39. The company currently has a market cap of about $26.98 million and a P/E ratio of 6.01.
- Wall Street sentiment is mixed but slightly positive, with analysts assigning an average “Moderate Buy” rating and a consensus target price of $38.33. Several firms recently reiterated or adjusted ratings, including B. Riley Financial’s $38 buy target.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 3,667 shares of the business's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $26.10, for a total transaction of $95,708.70. Following the completion of the sale, the chief executive officer owned 65,673 shares in the company, valued at approximately $1,714,065.30. This trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Torben Ostergaard also recently made the following trade(s):
- On Wednesday, February 25th, Torben Ostergaard sold 600 shares of Hippo stock. The shares were sold at an average price of $30.44, for a total transaction of $18,264.00.
Hippo Stock Down 2.5%
Shares of NYSE HIPO opened at $25.94 on Wednesday. The firm's 50-day moving average price is $26.69 and its 200-day moving average price is $29.39. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $26.98 million, a price-to-earnings ratio of 6.01 and a beta of 1.53. Hippo Holdings Inc. has a 12-month low of $21.80 and a 12-month high of $38.98.
Hippo (NYSE:HIPO - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $120.40 million for the quarter. Hippo had a net margin of 23.45% and a return on equity of 12.17%. On average, equities research analysts anticipate that Hippo Holdings Inc. will post 1.03 EPS for the current fiscal year.
Wall Street Analyst Weigh In
HIPO has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Hippo from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Hippo from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, May 4th. Zacks Research upgraded shares of Hippo to a "hold" rating in a research report on Tuesday, March 3rd. Finally, B. Riley Financial began coverage on shares of Hippo in a research report on Friday, April 17th. They set a "buy" rating and a $38.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.33.
View Our Latest Stock Report on HIPO
Institutional Investors Weigh In On Hippo
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Hippo by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company's stock worth $40,085,000 after acquiring an additional 55,394 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hippo by 24.1% in the 4th quarter. Geode Capital Management LLC now owns 557,066 shares of the company's stock worth $16,760,000 after acquiring an additional 108,359 shares during the last quarter. Westerly Capital Management LLC lifted its holdings in shares of Hippo by 24.3% in the 4th quarter. Westerly Capital Management LLC now owns 420,000 shares of the company's stock worth $12,634,000 after acquiring an additional 82,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hippo by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company's stock worth $10,291,000 after acquiring an additional 29,993 shares during the last quarter. Finally, Stoic Point Capital Management LLC lifted its holdings in shares of Hippo by 0.8% in the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company's stock worth $6,544,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors own 43.01% of the company's stock.
Hippo Company Profile
(
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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