Vanguard Group Inc. Increases Stock Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Vanguard Group Inc. raised its holdings in Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,020,249 shares of the company's stock after buying an additional 96,959 shares during the quarter. Vanguard Group Inc. owned 4.19% of Hippo worth $27,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in Hippo by 276.5% during the third quarter. Barclays PLC now owns 25,816 shares of the company's stock worth $435,000 after purchasing an additional 18,960 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Hippo by 205.0% in the third quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company's stock valued at $2,467,000 after acquiring an additional 98,256 shares during the last quarter. Geode Capital Management LLC lifted its stake in Hippo by 6.3% during the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company's stock worth $7,467,000 after purchasing an additional 26,085 shares during the last quarter. Ieq Capital LLC grew its position in Hippo by 112.5% during the fourth quarter. Ieq Capital LLC now owns 107,086 shares of the company's stock valued at $2,867,000 after acquiring an additional 56,684 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Hippo by 48.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,982 shares of the company's stock valued at $2,623,000 after purchasing an additional 32,058 shares during the last quarter. 43.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered their target price on Hippo from $43.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, April 11th.

Insider Activity

In other Hippo news, CEO Torben Ostergaard sold 21,146 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $30.05, for a total value of $635,437.30. Following the sale, the chief executive officer now owns 74,120 shares of the company's stock, valued at $2,227,306. This trade represents a 22.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Assaf Wand sold 12,250 shares of the 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 completion of the sale, the chairman now directly owns 486,814 shares in the company, valued at approximately $14,068,924.60. This represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,997 shares of company stock worth $1,469,538 over the last three months. 11.37% of the stock is currently owned by corporate insiders.

Hippo Stock Down 0.9 %

NYSE:HIPO traded down $0.23 during trading hours on Friday, hitting $24.38. 142,584 shares of the stock traded hands, compared to its average volume of 165,084. The stock has a 50 day moving average price of $26.69 and a 200 day moving average price of $25.94. The company has a market cap of $611.42 million, a price-to-earnings ratio of -4.68 and a beta of 1.49. Hippo Holdings Inc. has a 1 year low of $14.58 and a 1 year high of $35.44.

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. The business 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%. Equities analysts forecast that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

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.