Hippo (NYSE:HIPO) Trading Down 8.1% - Should You Sell?

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) fell 8.1% during mid-day trading on Friday . The stock traded as low as $19.83 and last traded at $20.37. 33,669 shares were traded during trading, a decline of 78% from the average session volume of 149,832 shares. The stock had previously closed at $22.17.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HIPO shares. Jefferies Financial Group lowered their price target on Hippo from $29.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their target price on Hippo from $20.00 to $21.00 and gave the stock a "market perform" rating in a report on Monday, August 19th.

Hippo Stock Down 3.5 %

The firm has a market capitalization of $533.04 million, a PE ratio of -3.01 and a beta of 1.34. The firm's 50-day simple moving average is $18.48 and its 200-day simple moving average is $18.15.

Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($1.64) EPS for the quarter, missing analysts' consensus estimates of ($1.48) by ($0.16). Hippo had a negative net margin of 57.80% and a negative return on equity of 46.46%. The firm had revenue of $89.60 million for the quarter, compared to analysts' expectations of $85.40 million. During the same quarter in the previous year, the company earned ($4.61) EPS. On average, equities research analysts forecast that Hippo Holdings Inc. will post -4.6 earnings per share for the current year.

Insider Activity at Hippo

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the sale, the chairman now directly owns 548,064 shares of the company's stock, valued at $8,873,156.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Assaf Wand sold 12,250 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $16.19, for a total value of $198,327.50. Following the sale, the chairman now directly owns 548,064 shares in the company, valued at $8,873,156.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Yuval Harry sold 2,958 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $18.49, for a total value of $54,693.42. Following the sale, the executive now owns 104,247 shares in the company, valued at $1,927,527.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,627 shares of company stock worth $278,762. 11.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hippo

A number of large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Hippo by 3.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company's stock valued at $427,000 after buying an additional 801 shares during the period. American Century Companies Inc. lifted its position in shares of Hippo by 28.2% during the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company's stock worth $438,000 after buying an additional 5,592 shares during the last quarter. Steamboat Capital Partners LLC acquired a new position in shares of Hippo in the 1st quarter valued at $158,000. SG Americas Securities LLC purchased a new position in shares of Hippo in the 3rd quarter valued at $174,000. Finally, AQR Capital Management LLC acquired a new stake in Hippo during the 2nd quarter worth $194,000. 43.01% of the stock is owned by institutional investors and hedge funds.

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.