Anirudh Badia Sells 2,552 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CAO Anirudh Badia sold 2,552 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $24.49, for a total transaction of $62,498.48. Following the completion of the sale, the chief accounting officer now owns 102,315 shares of the company’s stock, valued at approximately $2,505,694.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hippo Trading Up 19.2 %

Shares of HIPO opened at $28.15 on Monday. The stock has a market cap of $701.50 million, a PE ratio of -5.40 and a beta of 1.26. Hippo Holdings Inc. has a 1 year low of $7.75 and a 1 year high of $28.96. The stock has a 50 day simple moving average of $18.90 and a 200-day simple moving average of $18.24.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Thursday, August 8th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.48) by ($0.16). Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. The company had revenue of $89.60 million for 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. On average, sell-side analysts forecast that Hippo Holdings Inc. will post -4.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HIPO has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th. Jefferies Financial Group lowered their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th.

Institutional Investors Weigh In On Hippo

A number of hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in 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 during the last quarter. American Century Companies Inc. boosted its holdings in shares of Hippo by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after acquiring an additional 5,592 shares in the last quarter. Steamboat Capital Partners LLC bought a new stake in Hippo during the 1st quarter worth approximately $158,000. SG Americas Securities LLC acquired a new stake in Hippo during the 3rd quarter valued at $174,000. Finally, AQR Capital Management LLC bought a new position in Hippo in the 2nd quarter valued at $194,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Company Profile

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.