Hippo Holdings Inc. (NYSE:HIPO) Shares bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Hippo Holdings Inc. (NYSE:HIPO – Free Report) by 99.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,089 shares of the company’s stock after buying an additional 30,418 shares during the period. Bank of New York Mellon Corp’s holdings in Hippo were worth $1,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Hood River Capital Management LLC boosted its stake in Hippo by 79.4% in the first quarter. Hood River Capital Management LLC now owns 326,343 shares of the company’s stock valued at $5,962,000 after buying an additional 144,459 shares in the last quarter. Vanguard Group Inc. raised its holdings in Hippo by 6.3% in the first quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock valued at $13,872,000 after purchasing an additional 45,058 shares during the period. PEAK6 Investments LLC purchased a new position in shares of Hippo in the first quarter valued at approximately $277,000. Trexquant Investment LP purchased a new position in Hippo during the fourth quarter valued at about $327,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Hippo by 3.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock worth $427,000 after buying an additional 801 shares in the last quarter. 43.01% of the shares are currently held by hedge funds and other institutional investors.

Analysts set new price targets

Separately, Keefe, Bruyette & Woods upped their price objective on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th.

Check out our latest research report on HIPO

Indoor activity

In other news, CRO Yuval Harry sold 2,958 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $18.49, for a total value of $54,693.42. Following the completion of the transaction, the director now directly owns 104,247 shares in the company, valued at $1,927,527.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders own 11.37% of the company’s shares.

Hippo trading down 2.4%

NYSE:HIPO opened at $17.63 on Friday. Hippo Holdings Inc. has a twelve month low of $6.64 and a twelve month high of $25.49. The firm has a market cap of $430.70 million, a price-to-earnings ratio of -1.75 and a beta of 1.35. The company’s fifty-day simple moving average is $18.47, and its 200-day simple moving average is $18.36.

Hippo (NYSE:HIPO – Get Your Free Report ) last posted its earnings results on Thursday, August 8th. The company reported ($1.64) earnings per share for the quarter, missing the consensus estimate of ($1.48) by ($0.16). The company had revenue of $89.60 million during the quarter, compared to analysts’ expectations of $85.40 million. Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. During the same period in the previous year, the company earned EPS of ($4.61). On average, analysts predict that Hippo Holdings Inc. will post -4.68 earnings per share for the current year.

Hippopotamus profile

(Free Report)

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 the Hippo Home Insurance Program. Its insurance products include homeowners insurance against the 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.

See Also

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