Guy Zeltser Sells 1,819 Shares of Hippo (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Guy Zeltser sold 1,819 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $32.16, for a total value of $58,499.04. Following the completion of the sale, the chief financial officer owned 68,860 shares of the company’s stock, valued at $2,214,537.60. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Guy Zeltser also recently made the following trade(s):

• On Wednesday, September 17th, Guy Zeltser sold 5,177 shares of Hippo stock. The stock was sold at an average price of $37.48, for a total value of $194,033.96.

Hippo Stock Performance

Hippo stock traded up $1.61 during mid-day trading on Wednesday, reaching $33.73. The company’s stock had a trading volume of 299,170 shares, compared to its average volume of 204,985. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a twelve month low of $19.92 and a twelve month high of $38.98. The business has a 50 day moving average price of $35.53 and a 200-day moving average price of $30.40. The firm has a market cap of $854.42 million, a price-to-earnings ratio of 9.32 and a beta of 1.56.

Hippo (NYSE:HIPO) last issued its earnings results on Tuesday, November 4th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.66. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. The company had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $117.75 million. Sell-side analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. B. Riley raised their target price on shares of Hippo from $35.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. JMP Securities set a $45.00 price target on Hippo and gave the stock a “market outperform” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Hippo in a research report on Wednesday, October 8th. Citigroup restated an “outperform” rating on shares of Hippo in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded Hippo from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hippo presently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HIPO. Intech Investment Management LLC lifted its holdings in shares of Hippo by 4.0% in the third quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock valued at $288,000 after buying an additional 310 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in Hippo by 12.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock worth $125,000 after acquiring an additional 489 shares in the last quarter. AlphaQuest LLC lifted its holdings in Hippo by 109.5% in the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after acquiring an additional 654 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Hippo in the 2nd quarter valued at about $33,000. Finally, AQR Capital Management LLC boosted its position in shares of Hippo by 8.3% during the 1st quarter. AQR Capital Management LLC now owns 16,193 shares of the company’s stock valued at $414,000 after purchasing an additional 1,236 shares in the last quarter. Institutional investors 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.