1 week Ago By ABMN Staff
Hippo Holdings Inc. ( NYSE:HIPO – Get Free Report )’s stock price dropped 5.8% 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 mid-day trading, a decline of 92% from the average daily volume of 163,580 shares. The stock had previously closed at $22.75.
Insider Activity In other Hippo news, insider Michael Stienstra sold 2,329 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $30.02, for a total transaction of $69,916.
58. Following the transaction, the insider now owns 59,648 shares of the company’s stock, valued at $1,790,632.96.
This trade represents a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink .
Also, Chairman Assaf Wand sold 12,250 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $28.90, for a total value of $354,025.
00. Following the completion of the transaction, the chairman now directly owns 486,814 shares in the company, valued at $14,068,924.60.
This trade represents a 2.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 50,997 shares of company stock valued at $1,469,538 over the last quarter. Company insiders own 11.37% of the company’s stock.
Hedge Funds Weigh In On Hippo Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in shares of Hippo by 90.8% in the 4th quarter.
Renaissance Technologies LLC now owns 268,320 shares of the company’s stock valued at $7,183,000 after acquiring an additional 127,716 shares during the last quarter. Prudential Financial Inc. bought a new stake in Hippo during the fourth quarter valued at $3,369,000.
Dimensional Fund Advisors LP raised its holdings in shares of Hippo by 96.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 228,137 shares of the company’s stock worth $6,107,000 after purchasing an additional 112,108 shares during the period.
JPMorgan Chase & Co. lifted its position in shares of Hippo by 205.0% in 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. Finally, Vanguard Group Inc.
boosted its holdings in shares of Hippo by 10.5% in the 4th quarter. Vanguard Group Inc.
now owns 1,020,249 shares of the company’s stock valued at $27,312,000 after buying an additional 96,959 shares during the period. 43.01% of the stock is owned by institutional investors and hedge funds.
Hippo Trading Down 1.8 % Hippo ( NYSE:HIPO – Get Free Report ) last posted its earnings results on Wednesday, March 5th. The company reported ($0.
07) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.08.
The company had revenue of $102.00 million during the quarter, compared to analyst estimates of $97.83 million.
Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%.
On average, analysts anticipate 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.
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