1 week Ago By Defense World Staff
Hippo Holdings Inc. ( NYSE:HIPO – Get Free Report ) dropped 5.8% during trading on Friday after Jefferies Financial Group lowered their price target on the stock from $43.
00 to $30.00. Jefferies Financial Group currently has a buy rating on the stock.
Hippo traded as low as $21.68 and last traded at $21.43.
Approximately 13,823 shares were traded during trading, a decline of 92% from the average daily volume of 163,580 shares. The stock had previously closed at $22.75.
Insider Transactions at Hippo In related news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $28.90, for a total value of $354,025.
00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link .
Also, CEO Torben Ostergaard sold 21,146 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $30.05, for a total value of $635,437.
30. Following the completion of the sale, the chief executive officer now directly owns 74,120 shares in the company, valued at approximately $2,227,306. The trade was a 22.
20 % decrease in their position. The disclosure for this sale can be found here . In the last ninety days, insiders sold 50,997 shares of company stock worth $1,469,538.
11.37% of the stock is currently owned by company insiders. Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently bought and sold shares of the stock.
Barclays PLC grew its holdings 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 purchasing an additional 18,960 shares during the last quarter.
JPMorgan Chase & Co. grew its stake in Hippo by 205.0% during the 3rd quarter.
JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock worth $2,467,000 after buying an additional 98,256 shares during the last quarter. Geode Capital Management LLC increased its position 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 buying an additional 26,085 shares during the period. Ieq Capital LLC lifted its stake in Hippo by 112.
5% in the fourth quarter. Ieq Capital LLC now owns 107,086 shares of the company’s stock valued at $2,867,000 after buying an additional 56,684 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd.
boosted its holdings in shares of Hippo by 48.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 97,982 shares of the company’s stock valued at $2,623,000 after acquiring an additional 32,058 shares during the period. 43.01% of the stock is currently owned by hedge funds and other institutional investors.
Hippo Price Performance Hippo ( NYSE:HIPO – Get Free Report ) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.
15) by $0.08. The firm had revenue of $102.
00 million for 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 year. About Hippo ( Get Free Report ) 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. Featured Articles Five stocks we like better than Hippo 3 REITs to Buy and Hold for the Long Term Robinhood Strategies Could Be a Game-Changer for Young Investors How to Read Stock Charts for Beginners Are These 3 Retail Stocks Oversold or Really in Trouble? With Risk Tolerance, One Size Does Not Fit All IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Receive News & Ratings for Hippo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hippo and related companies with MarketBeat.
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