Hippo (NYSE:HIPO) Insider Sells $121,368.00 in Stock

by · The Cerbat Gem

Hippo Holdings Inc. (NYSE:HIPO – Get Free Report) insider Michael Stienstra sold 3,900 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $31.12, for a total transaction of $121,368.00. Following the transaction, the insider directly owned 71,281 shares in the company, valued at approximately $2,218,264.72. This represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hippo Stock Down 1.9%

HIPO traded down $0.58 during midday trading on Monday, hitting $30.73. The company had a trading volume of 64,333 shares, compared to its average volume of 202,520. The stock’s 50 day moving average price is $32.99 and its 200 day moving average price is $31.92. Hippo Holdings Inc. has a 52 week low of $19.92 and a 52 week high of $38.98. The company has a market capitalization of $778.39 million, a price-to-earnings ratio of 8.49 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 (NYSE:HIPO – Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.66. The company had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $117.75 million. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. On average, research analysts anticipate that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Hippo in a report on Wednesday, October 8th. Citigroup reaffirmed an “outperform” rating on shares of Hippo in a research note on Tuesday, October 14th. JMP Securities set a $45.00 target price on shares of Hippo and gave the stock a “market outperform” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen lowered shares of Hippo from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Check Out Our Latest Analysis on Hippo

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Hippo in the second quarter valued at about $33,000. AlphaQuest LLC grew its position in Hippo by 109.5% in the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after purchasing an additional 654 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Hippo in the 3rd quarter valued at about $125,000. Strs Ohio bought a new position in shares of Hippo during the 3rd quarter worth approximately $159,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Hippo by 12.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock worth $125,000 after buying an additional 489 shares during the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.

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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