Prudential Financial Inc. Invests $3.37 Million in Hippo Holdings Inc. (NYSE:HIPO)

Prudential Financial Inc. bought a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 125,854 shares of the company's stock, valued at approximately $3,369,000. Prudential Financial Inc. owned about 0.52% of Hippo as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Hippo during the 3rd quarter valued at $174,000. SG Americas Securities LLC boosted its holdings in Hippo by 33.2% in the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company's stock worth $367,000 after acquiring an additional 3,412 shares in the last quarter. Barclays PLC grew its stake in shares of Hippo by 276.5% during the third quarter. Barclays PLC now owns 25,816 shares of the company's stock worth $435,000 after acquiring an additional 18,960 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Hippo by 8.1% during the fourth quarter. American Century Companies Inc. now owns 34,688 shares of the company's stock valued at $929,000 after acquiring an additional 2,591 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hippo by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 48,311 shares of the company's stock valued at $1,293,000 after purchasing an additional 2,910 shares during the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Hippo Trading Down 3.0 %

Shares of Hippo stock opened at $24.81 on Wednesday. Hippo Holdings Inc. has a 12-month low of $14.58 and a 12-month high of $35.44. The firm's 50 day simple moving average is $28.10 and its two-hundred day simple moving average is $25.57. The firm has a market capitalization of $622.16 million, a price-to-earnings ratio of -4.76 and a beta of 1.50.

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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 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 for the quarter, compared to the consensus estimate of $97.83 million. On average, sell-side analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $28.90, for a total transaction of $354,025.00. Following the completion of the transaction, the chairman now owns 486,814 shares in the company, valued at approximately $14,068,924.60. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Stienstra sold 2,329 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $30.02, for a total value of $69,916.58. Following the completion of the transaction, the insider now directly owns 59,648 shares of the company's stock, valued at approximately $1,790,632.96. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,269 shares of company stock valued at $2,129,560. 11.37% of the stock is owned by insiders.

Hippo 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.

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