AQR Capital Management LLC Makes New Investment in Hippo Holdings Inc. (NYSE:HIPO)

AQR Capital Management LLC acquired a new position in Hippo Holdings Inc. (NYSE:HIPO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,266 shares of the company’s stock, valued at approximately $194,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Hippo by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock worth $13,872,000 after acquiring an additional 45,058 shares during the last quarter. Hood River Capital Management LLC increased its stake in Hippo by 79.4% in the 1st 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. Bank of New York Mellon Corp increased its stake in Hippo by 99.2% in the 2nd 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. Dimensional Fund Advisors LP bought a new stake in Hippo in the 2nd quarter worth approximately $629,000. Finally, Rhumbline Advisers increased its stake in Hippo by 93.7% in the 2nd quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock worth $494,000 after acquiring an additional 13,899 shares during the last quarter. Institutional investors own 43.01% of the company’s stock.

Insider Buying and Selling at Hippo

In other Hippo news, CRO Yuval Harry sold 1,419 shares of Hippo stock in a transaction on Monday, August 12th. The stock was sold at an average price of $18.14, for a total transaction of $25,740.66. Following the completion of the sale, the executive now directly owns 121,753 shares of the company’s stock, valued at $2,208,599.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CRO Yuval Harry sold 1,419 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $18.14, for a total value of $25,740.66. Following the completion of the transaction, the executive now directly owns 121,753 shares of the company’s stock, valued at approximately $2,208,599.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Assaf Wand sold 12,250 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total value of $198,327.50. Following the completion of the transaction, the chairman now directly owns 548,064 shares of the company’s stock, valued at approximately $8,873,156.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,627 shares of company stock valued at $278,762 in the last ninety days. Corporate insiders own 11.37% of the company’s stock.

Analysts Set New Price Targets

HIPO has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th. Jefferies Financial Group dropped their target price on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

Hippo Stock Up 1.6 %

HIPO opened at $19.50 on Friday. The business has a fifty day moving average of $18.32 and a 200 day moving average of $18.36. Hippo Holdings Inc. has a 52-week low of $6.91 and a 52-week high of $25.49. The stock has a market cap of $476.39 million, a P/E ratio of -1.93 and a beta of 1.34.

Hippo (NYSE:HIPO) last issued its earnings results 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). The firm had revenue of $89.60 million for the quarter, compared to the consensus estimate of $85.40 million. Hippo had a negative net margin of 57.80% and a negative return on equity of 46.46%. During the same period last year, the firm earned ($4.61) earnings per share. Equities analysts anticipate that Hippo Holdings Inc. will post -4.6 EPS for the current fiscal year.

About Hippo

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.