Hippo (NYSE:HIPO) Hits New 1-Year High at $20.90

Hippo Holdings Inc. (NYSE:HIPOGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.90 and last traded at $20.77, with a volume of 104618 shares changing hands. The stock had previously closed at $19.14.

Hippo Stock Performance

The firm’s fifty day moving average is $13.82 and its 200 day moving average is $10.32. The company has a market capitalization of $530.71 million, a P/E ratio of -1.74 and a beta of 1.57.

Hippo (NYSE:HIPOGet Free Report) last issued its earnings results on Wednesday, March 6th. The company reported ($1.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.04) by $0.28. Hippo had a negative net margin of 130.19% and a negative return on equity of 61.14%. The firm had revenue of $64.50 million during the quarter, compared to analysts’ expectations of $57.00 million. On average, analysts forecast that Hippo Holdings Inc. will post -4.09 EPS for the current year.

Insider Buying and Selling

In related news, CRO Yuval Harry sold 14,938 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $17.20, for a total transaction of $256,933.60. Following the sale, the executive now owns 145,162 shares in the company, valued at $2,496,786.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CRO Yuval Harry sold 14,938 shares of Hippo stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $17.20, for a total value of $256,933.60. Following the sale, the executive now owns 145,162 shares in the company, valued at $2,496,786.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anirudh Badia sold 1,735 shares of Hippo stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $18.39, for a total transaction of $31,906.65. Following the completion of the sale, the chief accounting officer now owns 122,454 shares in the company, valued at approximately $2,251,929.06. The disclosure for this sale can be found here. 11.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hippo

A number of large investors have recently bought and sold shares of HIPO. Vanguard Group Inc. increased its holdings in shares of Hippo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 714,196 shares of the company’s stock valued at $6,513,000 after purchasing an additional 7,314 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Hippo by 44.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,527 shares of the company’s stock worth $206,000 after purchasing an additional 6,900 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Hippo by 91.5% in the fourth quarter. GSA Capital Partners LLP now owns 93,466 shares of the company’s stock worth $852,000 after acquiring an additional 44,666 shares during the last quarter. Barclays PLC boosted its position in shares of Hippo by 256.5% in the fourth quarter. Barclays PLC now owns 20,761 shares of the company’s stock worth $189,000 after acquiring an additional 14,938 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Hippo by 31.7% during the fourth quarter. Nuveen Asset Management LLC now owns 21,690 shares of the company’s stock valued at $198,000 after buying an additional 5,219 shares in the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

About Hippo

(Get Free Report)

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.

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