Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand Sells 12,250 Shares

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) Chairman Assaf Wand sold 12,250 shares of Hippo 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 completion of the sale, the chairman now directly owns 486,814 shares in the company, valued at approximately $14,068,924.60. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 3rd, Assaf Wand sold 12,250 shares of Hippo stock. The shares were 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 shares were sold at an average price of $26.02, for a total value of $318,745.00.

Hippo Stock Performance

Hippo stock traded down $0.13 during mid-day trading on Friday, hitting $30.15. The company's stock had a trading volume of 381,674 shares, compared to its average volume of 173,540. Hippo Holdings Inc. has a one year low of $14.58 and a one year high of $35.44. The stock has a market cap of $734.45 million, a PE ratio of -5.79 and a beta of 1.50. The company has a 50 day moving average of $27.99 and a 200-day moving average of $24.61.

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Hippo (NYSE:HIPO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $102.00 million during the quarter, compared to analysts' expectations of $97.83 million. On average, equities research analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Hippo

Several hedge funds have recently made changes to their positions in HIPO. Public Employees Retirement System of Ohio lifted its stake in shares of Hippo by 13.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,736 shares of the company's stock worth $314,000 after purchasing an additional 1,400 shares during the last quarter. Sphera Management Technology Funds Ltd purchased a new stake in shares of Hippo during the 4th quarter worth $1,017,000. Two Sigma Advisers LP purchased a new stake in shares of Hippo during the 4th quarter worth $200,000. Two Sigma Investments LP purchased a new stake in Hippo in the fourth quarter valued at about $259,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Hippo in the fourth quarter valued at about $296,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Hippo Company Profile

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.