Invesco Ltd. Grows Position in Hippo Holdings Inc. (NYSE:HIPO)

Invesco Ltd. grew its holdings in Hippo Holdings Inc. (NYSE:HIPO) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,866 shares of the company’s stock after acquiring an additional 539 shares during the period. Invesco Ltd. owned about 0.15% of Hippo worth $960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC boosted its position in Hippo by 276.5% in the 3rd quarter. Barclays PLC now owns 25,816 shares of the company’s stock valued at $435,000 after buying an additional 18,960 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hippo by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock valued at $7,467,000 after purchasing an additional 26,085 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Hippo by 205.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock valued at $2,467,000 after buying an additional 98,256 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Hippo by 33.2% in the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock worth $367,000 after buying an additional 3,412 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in Hippo by 112.5% in 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. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Price Performance

HIPO stock opened at $23.17 on Friday. The business has a fifty day moving average price of $25.59 and a 200 day moving average price of $26.41. Hippo Holdings Inc. has a fifty-two week low of $14.58 and a fifty-two week high of $35.44. The stock has a market capitalization of $581.15 million, a price-to-earnings ratio of -4.45 and a beta of 1.49.

Hippo (NYSE:HIPO) last released its earnings results on Wednesday, March 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $102.00 million for the quarter, compared to the consensus estimate of $97.83 million. On average, equities analysts expect that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $26.76, for a total value of $327,810.00. Following the transaction, the chairman now owns 499,064 shares in the company, valued at $13,354,952.64. This trade represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Stienstra sold 2,329 shares of Hippo stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total value of $69,916.58. Following the sale, the insider now owns 59,648 shares in the company, valued at $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 sold 47,975 shares of company stock valued at $1,387,189. 11.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on HIPO. Jefferies Financial Group cut their target price on shares of Hippo from $43.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their target price on shares of Hippo from $24.00 to $26.00 and gave the company a “market perform” rating in a research report on Tuesday, April 22nd.

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.