Hippo (NYSE:HIPO) Stock Price Down 6.8% - Time to Sell?

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) shares fell 6.8% on Tuesday . The company traded as low as $25.89 and last traded at $25.93. 54,510 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 175,177 shares. The stock had previously closed at $27.84.

Wall Street Analysts Forecast Growth

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

Hippo Trading Up 0.5 %

The business's 50 day moving average price is $28.13 and its two-hundred day moving average price is $25.09. The company has a market capitalization of $662.74 million, a price-to-earnings ratio of -5.07 and a beta of 1.50.

Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported ($0.07) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.08. Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%. The company had revenue of $102.00 million for the quarter, compared to the consensus estimate of $97.83 million. Analysts expect that Hippo Holdings Inc. will post -3.63 EPS for the current year.

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Insider Buying and Selling

In related news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $28.90, for a total transaction of $354,025.00. Following the sale, the chairman now directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Torben Ostergaard sold 3,022 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $25.77, for a total transaction of $77,876.94. Following the completion of the transaction, the chief executive officer now owns 98,288 shares in the company, valued at $2,532,881.76. This trade represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,291 shares of company stock worth $2,207,860 in the last ninety days. Company insiders own 11.37% of the company's stock.

Institutional Trading of Hippo

Several hedge funds have recently modified their holdings of HIPO. Caz Investments LP increased its stake in shares of Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company's stock valued at $95,000 after acquiring an additional 2,800 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Hippo during the 4th quarter valued at $118,000. Public Employees Retirement System of Ohio bought a new stake in Hippo during the 3rd quarter valued at $174,000. The Manufacturers Life Insurance Company bought a new stake in Hippo during the 4th quarter valued at $200,000. Finally, Two Sigma Advisers LP bought a new stake in Hippo during the 4th quarter valued at $200,000. Institutional investors own 43.01% of the company's stock.

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.