Jane Street Group LLC Sells 9,208 Shares of Hippo Holdings Inc. (NYSE:HIPO)

Jane Street Group LLC decreased its holdings in shares of Hippo Holdings Inc. (NYSE:HIPO) by 43.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,047 shares of the company’s stock after selling 9,208 shares during the quarter. Jane Street Group LLC’s holdings in Hippo were worth $322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in shares of Hippo during the fourth quarter worth about $200,000. EntryPoint Capital LLC purchased a new stake in shares of Hippo during the fourth quarter worth $204,000. Jump Financial LLC purchased a new stake in shares of Hippo in the fourth quarter worth about $311,000. Wells Fargo & Company MN increased its position in shares of Hippo by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,216 shares of the company’s stock worth $327,000 after purchasing an additional 2,759 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in Hippo by 13.3% in the fourth quarter. MetLife Investment Management LLC now owns 13,394 shares of the company’s stock worth $359,000 after acquiring an additional 1,573 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Price Performance

HIPO opened at $24.63 on Tuesday. The company has a market capitalization of $619.62 million, a P/E ratio of -4.73 and a beta of 1.49. The firm’s fifty day moving average price is $23.44 and its two-hundred day moving average price is $26.60. Hippo Holdings Inc. has a fifty-two week low of $14.58 and a fifty-two week high of $35.44.

Hippo (NYSE:HIPO) last announced its earnings results on Wednesday, May 7th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.41) by ($0.50). The company had revenue of $110.30 million for the quarter, compared to analyst estimates of $106.70 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. On average, equities research analysts expect that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HIPO shares. Jefferies Financial Group reduced their price objective on Hippo from $43.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods increased their price target on Hippo from $24.00 to $26.00 and gave the company a “market perform” rating in a research note on Tuesday, April 22nd.

Hippo Company 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.