HighTower Advisors LLC Decreases Stock Position in Hippo Holdings Inc. (NYSE:HIPO)

HighTower Advisors LLC decreased its position in Hippo Holdings Inc. (NYSE:HIPO) by 83.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,557 shares of the company’s stock after selling 54,104 shares during the period. HighTower Advisors LLC’s holdings in Hippo were worth $283,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Hippo in the 3rd quarter valued at $174,000. SG Americas Securities LLC raised its stake 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. Barclays PLC lifted its position 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 in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Hippo during the 3rd quarter worth about $864,000. Finally, Bank of New York Mellon Corp grew its stake 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 in the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.

Hippo Stock Down 0.1 %

NYSE:HIPO opened at $24.80 on Thursday. The company has a market capitalization of $622.03 million, a PE ratio of -4.76 and a beta of 1.50. Hippo Holdings Inc. has a 52-week low of $14.58 and a 52-week high of $35.44. The stock’s 50 day moving average price is $28.07 and its 200 day moving average price is $25.56.

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

Insider Activity

In other news, insider Michael Stienstra sold 2,329 shares of Hippo stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total value of $69,916.58. Following the transaction, the insider now directly owns 59,648 shares of the company’s stock, valued at $1,790,632.96. The trade was a 3.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Torben Ostergaard sold 3,022 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $27.25, for a total value of $82,349.50. Following the completion of the transaction, the chief executive officer now directly owns 95,266 shares in the company, valued at $2,595,998.50. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 54,019 shares of company stock worth $1,547,415. Company insiders own 11.37% of the company’s stock.

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.