Jump Financial LLC bought a new position in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,617 shares of the company's stock, valued at approximately $311,000.
Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in Hippo by 17.3% during the fourth quarter. Barclays PLC now owns 30,280 shares of the company's stock worth $811,000 after purchasing an additional 4,464 shares in the last quarter. Renaissance Technologies LLC raised its stake in Hippo by 90.8% during the 4th quarter. Renaissance Technologies LLC now owns 268,320 shares of the company's stock worth $7,183,000 after acquiring an additional 127,716 shares in the last quarter. Invesco Ltd. lifted its position in Hippo by 1.5% in the fourth quarter. Invesco Ltd. now owns 35,866 shares of the company's stock valued at $960,000 after acquiring an additional 539 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Hippo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,216 shares of the company's stock valued at $327,000 after acquiring an additional 2,759 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Hippo by 46.3% during the fourth quarter. JPMorgan Chase & Co. now owns 213,784 shares of the company's stock worth $5,723,000 after purchasing an additional 67,608 shares during the last quarter. Hedge funds and other institutional investors own 43.01% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on HIPO shares. Jefferies Financial Group reduced their target price on Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on Hippo from $24.00 to $26.00 and gave the company a "market perform" rating in a report on Tuesday, April 22nd.
View Our Latest Report on HIPO
Insider Activity at Hippo
In other Hippo news, insider Michael Stienstra sold 2,329 shares of Hippo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total value of $69,916.58. Following the sale, the insider now owns 59,648 shares of the company's stock, valued at approximately $1,790,632.96. The trade was a 3.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Assaf Wand sold 12,250 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $26.76, for a total value of $327,810.00. Following the transaction, the chairman now directly owns 499,064 shares of the company's stock, valued at approximately $13,354,952.64. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,997 shares of company stock worth $1,469,538 in the last three months. Insiders own 11.37% of the company's stock.
Hippo Stock Performance
Shares of NYSE:HIPO opened at $24.20 on Friday. Hippo Holdings Inc. has a one year low of $14.58 and a one year high of $35.44. The company has a 50-day simple moving average of $25.96 and a 200-day simple moving average of $26.30. The stock has a market capitalization of $606.98 million, a price-to-earnings ratio of -4.64 and a beta of 1.49.
Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.08. The company had revenue of $102.00 million during the quarter, compared to analysts' expectations of $97.83 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. As a group, research analysts forecast that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.
About Hippo
(
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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