Price T Rowe Associates Inc. MD Buys 1,434 Shares of Hippo Holdings Inc. (NYSE:HIPO)

Price T Rowe Associates Inc. MD grew its stake in shares of Hippo Holdings Inc. (NYSE:HIPO) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,768 shares of the company’s stock after buying an additional 1,434 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Hippo were worth $717,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Hippo in the fourth quarter valued at $204,000. Jump Financial LLC bought a new stake in Hippo during the fourth quarter worth about $311,000. Wells Fargo & Company MN boosted its holdings in shares of Hippo by 29.2% in the 4th quarter. Wells Fargo & Company MN now owns 12,216 shares of the company’s stock worth $327,000 after purchasing an additional 2,759 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Hippo by 13.3% in the 4th quarter. MetLife Investment Management LLC now owns 13,394 shares of the company’s stock worth $359,000 after purchasing an additional 1,573 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Hippo by 33.2% during the 4th quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock valued at $367,000 after purchasing an additional 3,412 shares during the last quarter. 43.01% of the stock is owned by institutional investors.

Hippo Trading Down 0.3%

Shares of NYSE:HIPO opened at $20.51 on Monday. The stock’s 50-day moving average price is $24.96 and its 200-day moving average price is $26.68. Hippo Holdings Inc. has a 12-month low of $14.58 and a 12-month high of $35.44. The stock has a market capitalization of $514.43 million, a P/E ratio of -3.94 and a beta of 1.49.

Hippo (NYSE:HIPO) last issued its earnings results on Wednesday, May 7th. The company reported ($1.91) earnings per share for the quarter, missing the consensus estimate of ($1.41) by ($0.50). The company had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $106.70 million. Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%. As a group, research analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HIPO. Jefferies Financial Group dropped their target price on Hippo from $43.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Hippo from $24.00 to $26.00 and gave the stock a “market perform” rating in a report on Tuesday, April 22nd.

Insider Activity

In other Hippo news, insider Michael Stienstra sold 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total transaction of $69,916.58. Following the completion of the transaction, the insider now owns 59,648 shares of the company’s stock, valued at $1,790,632.96. This represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Assaf Wand sold 12,250 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $28.90, for a total value of $354,025.00. Following the completion of the sale, the chairman now owns 486,814 shares of the company’s stock, valued at approximately $14,068,924.60. This trade represents a 2.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 11.37% 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.