Assaf Wand Sells 12,250 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of the 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link.

Hippo Stock Up 0.1 %

Shares of NYSE HIPO opened at $17.12 on Friday. The firm’s 50-day moving average price is $18.22 and its two-hundred day moving average price is $18.35. Hippo Holdings Inc. has a 52-week low of $6.64 and a 52-week high of $25.49. The stock has a market capitalization of $418.24 million, a P/E ratio of -1.71 and a beta of 1.34.

Hippo (NYSE:HIPO) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $85.40 million. During the same quarter in the previous year, the business posted ($4.61) EPS. As a group, equities research analysts expect that Hippo Holdings Inc. will post -4.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their target price on shares of Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Hippo in the third quarter valued at $174,000. AQR Capital Management LLC bought a new position in shares of Hippo in the second quarter valued at $194,000. Squarepoint Ops LLC bought a new position in shares of Hippo in the second quarter valued at $335,000. Dimensional Fund Advisors LP bought a new position in shares of Hippo in the second quarter valued at $629,000. Finally, American Century Companies Inc. increased its holdings in shares of Hippo by 28.2% in the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after buying an additional 5,592 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

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.