Hippo Holdings Inc. (NYSE:HIPO – Get Free Report) CEO Torben Ostergaard sold 1,169 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $35.03, for a total value of $40,950.07. Following the sale, the chief executive officer owned 60,655 shares in the company, valued at $2,124,744.65. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Torben Ostergaard also recently made the following trade(s):
- On Monday, August 17th, Torben Ostergaard sold 1,169 shares of Hippo stock. The shares were sold at an average price of $33.00, for a total value of $38,577.00.
Hippo Price Performance
Shares of Hippo stock traded up $0.04 during trading on Friday, reaching $35.30. The company’s stock had a trading volume of 157,183 shares, compared to its average volume of 149,382. The stock has a 50-day moving average price of $32.60 and a two-hundred day moving average price of $29.24. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. Hippo Holdings Inc. has a one year low of $24.08 and a one year high of $38.72. The stock has a market capitalization of $931.57 million, a P/E ratio of 7.59 and a beta of 1.55.
Hippo (NYSE:HIPO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.96. Hippo had a net margin of 23.92% and a return on equity of 10.68%. The business had revenue of $144.70 million for the quarter, compared to the consensus estimate of $137.44 million. As a group, sell-side analysts anticipate that Hippo Holdings Inc. will post 1.50 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. B. Riley Financial reissued a “buy” rating and set a $41.50 price target (up from $38.00) on shares of Hippo in a research note on Monday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Hippo in a research report on Friday, July 31st. Keefe, Bruyette & Woods upped their price objective on Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Finally, Zacks Research downgraded Hippo from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.25.
Read Our Latest Research Report on Hippo
Institutional Trading of Hippo
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIPO. Caitong International Asset Management Co. Ltd bought a new stake in Hippo during the 4th quarter worth about $26,000. State of Alaska Department of Revenue bought a new position in shares of Hippo in the 3rd quarter valued at about $31,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo during the 2nd quarter worth approximately $178,000. State of Wyoming grew its position in shares of Hippo by 22.9% during the 2nd quarter. State of Wyoming now owns 8,666 shares of the company’s stock worth $245,000 after buying an additional 1,612 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Hippo during the 1st quarter worth approximately $253,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.
Hippo Company Profile
Hippo Holdings Inc is a technology-focused property and casualty insurance company that provides homeowners insurance and related services in the United States. The company combines digital insurance tools, data analytics and home-monitoring technology to simplify the process of obtaining coverage and managing a policy.
Hippo’s offerings are centered on homeowners insurance, including coverage for residential property, personal belongings, liability and additional living expenses. Through its home protection platform, the company also provides resources and services intended to help customers identify and address potential risks before they lead to costly losses, such as water leaks, fire hazards and other property-related issues.
Founded in 2015 by Assaf Wand and Eyal Navon, Hippo became a publicly traded company in 2021 through a business combination with Reinvent Technology Partners Z.
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