SVB Wealth LLC Buys New Shares in Hippo Holdings Inc. (NYSE:HIPO)

SVB Wealth LLC bought a new stake in Hippo Holdings Inc. (NYSE:HIPO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,376 shares of the company’s stock, valued at approximately $122,000.

Separately, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Hippo in the third quarter valued at approximately $445,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and issued a $25.00 target price on shares of Hippo in a report on Monday, April 15th.

Hippo Trading Up 3.8 %

HIPO opened at $21.33 on Wednesday. Hippo Holdings Inc. has a 52-week low of $6.64 and a 52-week high of $25.49. The company has a 50 day moving average of $17.55 and a two-hundred day moving average of $11.75.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($1.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.04) by $0.28. Hippo had a negative net margin of 130.19% and a negative return on equity of 61.14%. The company had revenue of $64.50 million during the quarter, compared to the consensus estimate of $57.00 million. On average, research analysts expect that Hippo Holdings Inc. will post -4.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Yuval Harry sold 14,938 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $17.20, for a total value of $256,933.60. Following the completion of the transaction, the executive now directly owns 145,162 shares in the company, valued at $2,496,786.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CRO Yuval Harry sold 14,938 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $17.20, for a total value of $256,933.60. Following the completion of the transaction, the executive now directly owns 145,162 shares in the company, valued at $2,496,786.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anirudh Badia sold 1,735 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $18.39, for a total transaction of $31,906.65. Following the completion of the transaction, the chief accounting officer now owns 122,454 shares of the company’s stock, valued at $2,251,929.06. The disclosure for this sale can be found here. 11.28% of the stock is owned by insiders.

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.