Charles Schwab Investment Management Inc. Grows Stake in Hippo Holdings Inc. (NYSE:HIPO)

Charles Schwab Investment Management Inc. raised its position in shares of Hippo Holdings Inc. (NYSE:HIPO) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,664 shares of the company’s stock after acquiring an additional 1,424 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.63% of Hippo worth $4,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Hippo by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 48,311 shares of the company’s stock worth $1,293,000 after purchasing an additional 2,910 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Hippo by 112.5% during the fourth quarter. Ieq Capital LLC now owns 107,086 shares of the company’s stock valued at $2,867,000 after acquiring an additional 56,684 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Hippo by 33.2% in the 4th quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock valued at $367,000 after acquiring an additional 3,412 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Hippo by 205.0% during the third quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock worth $2,467,000 after purchasing an additional 98,256 shares during the period. Finally, Barclays PLC raised 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. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Hippo Stock Down 3.8 %

Hippo stock opened at $26.60 on Thursday. The business’s 50-day moving average price is $28.23 and its 200 day moving average price is $25.32. Hippo Holdings Inc. has a 52 week low of $14.58 and a 52 week high of $35.44. The firm has a market cap of $667.18 million, a price-to-earnings ratio of -5.11 and a beta of 1.50.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.08. Hippo had a negative net margin of 37.94% and a negative return on equity of 36.38%. The firm had revenue of $102.00 million during the quarter, compared to the consensus estimate of $97.83 million. Equities analysts expect that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Insiders Place Their Bets

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.02, for a total transaction of $318,745.00. Following the sale, the chairman now directly owns 511,314 shares in the company, valued at $13,304,390.28. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Stienstra sold 2,329 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total transaction of $69,916.58. Following the sale, the insider now owns 59,648 shares in the company, valued at approximately $1,790,632.96. This trade represents a 3.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,269 shares of company stock valued at $2,129,560. 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.