Rhumbline Advisers Has $720,000 Position in Hippo Holdings Inc. $HIPO

Rhumbline Advisers cut its holdings in Hippo Holdings Inc. (NYSE:HIPO) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,183 shares of the company’s stock after selling 793 shares during the quarter. Rhumbline Advisers owned about 0.11% of Hippo worth $720,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in Hippo by 8.3% in the first quarter. AQR Capital Management LLC now owns 16,193 shares of the company’s stock valued at $414,000 after acquiring an additional 1,236 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Hippo by 13.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 11,736 shares of the company’s stock valued at $314,000 after acquiring an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Hippo by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 154,130 shares of the company’s stock valued at $3,940,000 after acquiring an additional 1,466 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Hippo in the fourth quarter valued at approximately $118,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Hippo by 5.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,451 shares of the company’s stock valued at $2,644,000 after acquiring an additional 5,469 shares during the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hippo news, CEO Richard Mccathron sold 2,725 shares of Hippo stock in a transaction on Monday, September 8th. The shares were sold at an average price of $34.12, for a total transaction of $92,977.00. Following the sale, the chief executive officer owned 470,388 shares in the company, valued at $16,049,638.56. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Guy Zeltser sold 5,177 shares of Hippo stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $37.48, for a total transaction of $194,033.96. Following the sale, the chief financial officer owned 74,861 shares in the company, valued at $2,805,790.28. This represents a 6.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 524,486 shares of company stock worth $14,852,445 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Hippo Stock Up 0.2%

HIPO opened at $37.32 on Monday. Hippo Holdings Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $38.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s fifty day moving average price is $31.07 and its two-hundred day moving average price is $27.35. The company has a market capitalization of $934.12 million, a P/E ratio of -76.16 and a beta of 1.55.

Hippo (NYSE:HIPO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.65) by $1.30. Hippo had a negative net margin of 2.52% and a negative return on equity of 12.13%. The firm had revenue of $117.30 million for the quarter, compared to the consensus estimate of $116.00 million. On average, analysts anticipate that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Wall Street Analysts Forecast Growth

HIPO has been the subject of a number of analyst reports. B. Riley lifted their target price on shares of Hippo from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. JMP Securities lifted their target price on shares of Hippo from $35.00 to $40.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Hippo from a “hold” rating to a “buy” rating in a research note on Sunday, August 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.25.

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.