10,279 Shares in Hippo Holdings Inc. (NYSE:HIPO) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,279 shares of the company’s stock, valued at approximately $174,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Steamboat Capital Partners LLC acquired a new position in Hippo during the 1st quarter valued at about $158,000. AQR Capital Management LLC acquired a new stake in shares of Hippo during the second quarter valued at approximately $194,000. PEAK6 Investments LLC purchased a new position in shares of Hippo during the first quarter valued at $277,000. Squarepoint Ops LLC acquired a new position in Hippo in the 2nd quarter valued at approximately $335,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Hippo by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock worth $427,000 after acquiring an additional 801 shares in the last quarter. 43.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hippo news, CRO Yuval Harry sold 2,958 shares of the company’s stock in a transaction that occurred on 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 sale, the executive now owns 104,247 shares of the company’s stock, valued at approximately $1,927,527.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hippo news, CRO Yuval Harry sold 2,958 shares of Hippo stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $18.49, for a total transaction of $54,693.42. Following the transaction, the executive now directly owns 104,247 shares in the company, valued at approximately $1,927,527.03. The trade was a 0.00 % decrease in their ownership of the stock. 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 that occurred 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 completion of the transaction, the chairman now owns 548,064 shares of the company’s stock, valued at $8,873,156.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,627 shares of company stock valued at $278,762 in the last 90 days. 11.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised their target price 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 lowered their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th.

Hippo Stock Down 0.2 %

NYSE:HIPO opened at $18.92 on Thursday. The firm has a market cap of $462.22 million, a PE ratio of -1.84 and a beta of 1.34. The company’s 50-day moving average price is $18.35 and its two-hundred day moving average price is $18.27. Hippo Holdings Inc. has a 12 month low of $6.91 and a 12 month high of $25.49.

Hippo (NYSE:HIPO) last released its 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 period last year, the business posted ($4.61) earnings per share. On average, research analysts expect that Hippo Holdings Inc. will post -4.6 EPS for the current fiscal year.

Hippo 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.