Hippo (NYSE:HIPO) CEO Torben Ostergaard Sells 3,667 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,667 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $26.10, for a total transaction of $95,708.70. Following the completion of the transaction, the chief executive officer owned 65,673 shares of the company’s stock, valued at approximately $1,714,065.30. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Torben Ostergaard also recently made the following trade(s):

• On Wednesday, February 25th, Torben Ostergaard sold 600 shares of Hippo stock. The stock was sold at an average price of $30.44, for a total transaction of $18,264.00.

Hippo Stock Performance

HIPO opened at $25.94 on Wednesday. The firm has a market cap of $26.98 million, a P/E ratio of 6.01 and a beta of 1.53. Hippo Holdings Inc. has a 1-year low of $21.80 and a 1-year high of $38.98. The company has a 50 day simple moving average of $26.69 and a two-hundred day simple moving average of $29.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.99 and a quick ratio of 0.99.

Hippo (NYSE:HIPO) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share for the quarter. The business had revenue of $120.40 million during the quarter. Hippo had a net margin of 23.45% and a return on equity of 12.17%. Equities analysts forecast that Hippo Holdings Inc. will post 1.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hippo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Hippo during the fourth quarter worth $26,000. Altshuler Shaham Ltd boosted its position in shares of Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Hippo during the second quarter worth $33,000. AlphaQuest LLC boosted its position in shares of Hippo by 109.5% during the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after acquiring an additional 654 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Hippo during the fourth quarter worth $55,000. Institutional investors own 43.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HIPO. Zacks Research upgraded shares of Hippo to a “hold” rating in a research report on Tuesday, March 3rd. B. Riley Financial began coverage on shares of Hippo in a research report on Friday, April 17th. They issued a “buy” rating and a $38.00 price target for the company. Weiss Ratings upgraded shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Hippo from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Hippo presently has a consensus rating of “Moderate Buy” and an average price target of $38.33.

Hippo Company Profile

Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo’s policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.

Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.