SVB Wealth LLC Acquires Shares of 13,376 Hippo Holdings Inc. (NYSE:HIPO)

SVB Wealth LLC acquired a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 13,376 shares of the company’s stock, valued at approximately $122,000. SVB Wealth LLC owned approximately 0.06% of Hippo as of its most recent filing with the SEC.

Separately, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Hippo in the 3rd quarter worth approximately $445,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and issued a $25.00 price target on shares of Hippo in a research report on Monday, April 15th.

Hippo Price Performance

Shares of HIPO opened at $21.33 on Wednesday. The business’s 50 day moving average price is $17.55 and its 200-day moving average price is $11.75. Hippo Holdings Inc. has a 52 week low of $6.64 and a 52 week high of $25.49.

Hippo (NYSE:HIPO) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($1.76) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.04) by $0.28. Hippo had a negative net margin of 130.19% and a negative return on equity of 61.14%. The company had revenue of $64.50 million during the quarter, compared to analyst estimates of $57.00 million. On average, analysts forecast that Hippo Holdings Inc. will post -4.09 EPS for the current year.

Insider Buying and Selling

In related news, CAO Anirudh Badia sold 1,735 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $18.39, for a total value of $31,906.65. Following the completion of the transaction, the chief accounting officer now directly owns 122,454 shares in the company, valued at approximately $2,251,929.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Hippo news, CAO Anirudh Badia sold 1,735 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $18.39, for a total transaction of $31,906.65. Following the completion of the sale, the chief accounting officer now directly owns 122,454 shares in the company, valued at approximately $2,251,929.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Yuval Harry sold 14,938 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $17.20, for a total transaction of $256,933.60. Following the sale, the executive now owns 145,162 shares of the company’s stock, valued at $2,496,786.40. The disclosure for this sale can be found here. 11.28% of the stock is owned by company insiders.

About Hippo

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.