Hippo (HIPO) Projected to Post Earnings on Thursday

Hippo (NYSE:HIPO) is projected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $97.83 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Hippo Stock Up 2.9 %

Hippo stock opened at $27.82 on Thursday. Hippo has a 12 month low of $13.19 and a 12 month high of $34.24. The company’s fifty day simple moving average is $27.64 and its 200-day simple moving average is $24.09. The stock has a market cap of $677.70 million, a P/E ratio of -5.34 and a beta of 1.52.

Analysts Set New Price Targets

Separately, JMP Securities raised their target price on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd.

Insiders Place Their Bets

In related news, CEO Torben Ostergaard sold 21,146 shares of Hippo stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $30.05, for a total transaction of $635,437.30. Following the sale, the chief executive officer now directly owns 74,120 shares of the company’s stock, valued at $2,227,306. This trade represents a 22.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Stienstra sold 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $30.02, for a total value of $69,916.58. Following the completion of the transaction, the insider now directly owns 59,648 shares of the company’s stock, valued at approximately $1,790,632.96. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 81,133 shares of company stock valued at $2,220,110 in the last quarter. Insiders own 11.37% of the company’s stock.

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.