Hippo Holdings Inc. (NYSE:HIPO) Chairman Sells $198,327.50 in Stock

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $16.19, for a total transaction of $198,327.50. Following the completion of the transaction, the chairman now directly owns 548,064 shares of the company’s stock, valued at approximately $8,873,156.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hippo Trading Up 0.1 %

Hippo stock opened at $17.11 on Friday. The firm’s 50-day simple moving average is $18.19 and its 200 day simple moving average is $18.35. Hippo Holdings Inc. has a 52 week low of $6.64 and a 52 week high of $25.49.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.48) by ($0.16). Hippo had a negative net margin of 57.80% and a negative return on equity of 46.46%. The business had revenue of $89.60 million during the quarter, compared to analyst estimates of $85.40 million. During the same quarter in the prior year, the company earned ($4.61) earnings per share. As a group, sell-side analysts predict that Hippo Holdings Inc. will post -4.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th.

Institutional Investors Weigh In On Hippo

A number of large investors have recently bought and sold shares of the stock. Steamboat Capital Partners LLC purchased a new stake in shares of Hippo in the first quarter valued at $158,000. Vanguard Group Inc. raised its stake in Hippo by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock valued at $13,872,000 after purchasing an additional 45,058 shares during the last quarter. PEAK6 Investments LLC purchased a new position in Hippo in the 1st quarter valued at about $277,000. Hood River Capital Management LLC boosted its stake in shares of Hippo by 79.4% during the 1st quarter. Hood River Capital Management LLC now owns 326,343 shares of the company’s stock worth $5,962,000 after purchasing an additional 144,459 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Hippo by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock worth $427,000 after buying an additional 801 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

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.