Key Points
- Hippo CEO Torben Ostergaard sold 1,169 shares at an average price of $35.03, generating approximately $40,950. Following the transaction, he retained 60,655 shares, a 1.89% reduction in his direct holdings.
- Hippo shares traded near $35.30, within a 52-week range of $24.08 to $38.72. The company recently exceeded earnings expectations, reporting $0.79 EPS and $144.7 million in quarterly revenue.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $38.25, although ratings range from Strong Buy to Hold.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 1,169 shares of Hippo stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $35.03, for a total value of $40,950.07. Following the sale, the chief executive officer directly owned 60,655 shares of the company's stock, valued at $2,124,744.65. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Torben Ostergaard also recently made the following trade(s):
- On Monday, August 17th, Torben Ostergaard sold 1,169 shares of Hippo stock. The shares were sold at an average price of $33.00, for a total value of $38,577.00.
Hippo Stock Performance
NYSE:HIPO traded up $0.04 during midday trading on Friday, hitting $35.30. The company's stock had a trading volume of 157,183 shares, compared to its average volume of 205,615. Hippo Holdings Inc. has a fifty-two week low of $24.08 and a fifty-two week high of $38.72. The firm's 50 day moving average is $32.65 and its 200-day moving average is $29.28. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $931.57 million, a P/E ratio of 7.59 and a beta of 1.55.
Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly 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 net margin of 23.92% and a return on equity of 10.68%. The company had revenue of $144.70 million during the quarter, compared to analyst estimates of $137.44 million. Equities analysts anticipate that Hippo Holdings Inc. will post 1.50 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently issued reports on HIPO shares. Weiss Ratings reissued a "hold (c)" rating on shares of Hippo in a report on Friday, July 31st. B. Riley Financial restated a "buy" rating and set a $41.50 target price (up from $38.00) on shares of Hippo in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price target on shares of Hippo from $33.00 to $35.00 and gave the company a "market perform" rating in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of Hippo from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $38.25.
Read Our Latest Research Report on Hippo
Institutional Trading of Hippo
Several hedge funds and other institutional investors have recently bought and sold shares of HIPO. Caitong International Asset Management Co. Ltd purchased a new position in Hippo during the fourth quarter valued at approximately $26,000. State of Alaska Department of Revenue purchased a new stake in Hippo in the 3rd quarter worth approximately $31,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo during the 2nd quarter worth approximately $178,000. State of Wyoming grew its stake in shares of Hippo by 22.9% during the 2nd quarter. State of Wyoming now owns 8,666 shares of the company's stock worth $245,000 after purchasing an additional 1,612 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Hippo during the 1st quarter worth approximately $253,000. 43.01% of the stock is owned by institutional investors and hedge funds.
Hippo Company Profile
(
Get Free Report)
Hippo Holdings Inc is a technology-focused property and casualty insurance company that provides homeowners insurance and related services in the United States. The company combines digital insurance tools, data analytics and home-monitoring technology to simplify the process of obtaining coverage and managing a policy.
Hippo's offerings are centered on homeowners insurance, including coverage for residential property, personal belongings, liability and additional living expenses. Through its home protection platform, the company also provides resources and services intended to help customers identify and address potential risks before they lead to costly losses, such as water leaks, fire hazards and other property-related issues.
Founded in 2015 by Assaf Wand and Eyal Navon, Hippo became a publicly traded company in 2021 through a business combination with Reinvent Technology Partners Z.
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