Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) Chairman Sells $354,025.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $28.90, for a total value of $354,025.00. Following the transaction, the chairman now owns 486,814 shares in the company, valued at $14,068,924.60. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Assaf Wand also recently made the following trade(s):

• On Monday, February 3rd, Assaf Wand sold 12,250 shares of Hippo stock. The stock was sold at an average price of $26.76, for a total value of $327,810.00.
• On Thursday, January 2nd, Assaf Wand sold 12,250 shares of Hippo stock. The stock was sold at an average price of $26.02, for a total value of $318,745.00.

Hippo Stock Down 0.4 %

Shares of HIPO opened at $30.15 on Friday. The business’s 50 day moving average price is $27.93 and its 200-day moving average price is $24.49. Hippo Holdings Inc. has a 52 week low of $14.58 and a 52 week high of $35.44. The stock has a market cap of $734.45 million, a P/E ratio of -5.79 and a beta of 1.50.

Hippo (NYSE:HIPO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. The firm had revenue of $102.00 million for the quarter, compared to analysts’ expectations of $97.83 million. On average, equities analysts anticipate that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Analysts Set New Price Targets

Separately, JMP Securities boosted their price target on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd.

Hedge Funds Weigh In On Hippo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its position in Hippo by 13.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 11,736 shares of the company’s stock valued at $314,000 after acquiring an additional 1,400 shares in the last quarter. Sphera Management Technology Funds Ltd bought a new position in Hippo in the 4th quarter valued at approximately $1,017,000. Two Sigma Advisers LP bought a new position in shares of Hippo during the 4th quarter valued at $200,000. Two Sigma Investments LP bought a new position in shares of Hippo during the 4th quarter valued at $259,000. Finally, Sherbrooke Park Advisers LLC bought a new position in shares of Hippo during the 4th quarter valued at $296,000. 43.01% of the stock is owned by institutional investors.

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.