Hippo (NYSE:HIPO) Reaches New 12-Month High – What’s Next?

Hippo Holdings Inc. (NYSE:HIPO)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $27.89 and last traded at $27.89, with a volume of 4471 shares traded. The stock had previously closed at $23.62.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, August 19th. Jefferies Financial Group dropped their price objective on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

Hippo Trading Up 13.4 %

The business’s fifty day simple moving average is $18.74 and its two-hundred day simple moving average is $18.22.

Hippo (NYSE:HIPO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($1.64) earnings per share 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 during the quarter, compared to analysts’ expectations of $85.40 million. During the same quarter in the prior year, the firm posted ($4.61) EPS. Sell-side analysts expect that Hippo Holdings Inc. will post -4.6 EPS for the current year.

Insider Buying and Selling

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hippo news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $16.19, for a total value of $198,327.50. Following the transaction, the chairman now owns 548,064 shares in the company, valued at $8,873,156.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Yuval Harry sold 2,958 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $18.49, for a total value of $54,693.42. Following the completion of the transaction, the executive now directly owns 104,247 shares in the company, valued at $1,927,527.03. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,627 shares of company stock valued at $278,762. Corporate insiders own 11.37% of the company’s stock.

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently bought and sold shares of HIPO. Hood River Capital Management LLC grew its position in shares of Hippo by 79.4% during the first quarter. Hood River Capital Management LLC now owns 326,343 shares of the company’s stock worth $5,962,000 after acquiring an additional 144,459 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Hippo by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock valued at $13,872,000 after purchasing an additional 45,058 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Hippo during the 2nd quarter valued at $629,000. Bank of New York Mellon Corp increased its stake in shares of Hippo by 99.2% in the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock worth $1,050,000 after acquiring an additional 30,418 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in shares of Hippo during the first quarter worth $277,000. 43.01% of the stock is currently 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.