Squarepoint Ops LLC Takes $335,000 Position in Hippo Holdings Inc. (NYSE:HIPO)

Squarepoint Ops LLC acquired a new stake in Hippo Holdings Inc. (NYSE:HIPO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,510 shares of the company’s stock, valued at approximately $335,000. Squarepoint Ops LLC owned approximately 0.08% of Hippo at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Steamboat Capital Partners LLC acquired a new stake in shares of Hippo in the first quarter valued at $158,000. PEAK6 Investments LLC purchased a new position in Hippo in the first quarter valued at $277,000. Price T Rowe Associates Inc. MD increased its holdings in Hippo by 3.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock valued at $427,000 after buying an additional 801 shares during the last quarter. American Century Companies Inc. increased its holdings in Hippo by 28.2% in the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after buying an additional 5,592 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Hippo by 93.7% in the second quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock valued at $494,000 after buying an additional 13,899 shares during the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the transaction, the chairman now owns 548,064 shares of the company’s stock, valued at $8,873,156.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the transaction, the chairman now owns 548,064 shares of the company’s stock, valued at $8,873,156.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $54,693.42. Following the completion of the sale, the executive now owns 104,247 shares of the company’s stock, valued at approximately $1,927,527.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,627 shares of company stock valued at $278,762 over the last quarter. 11.37% of the stock is currently owned by insiders.

Hippo Stock Performance

Shares of HIPO stock opened at $16.41 on Friday. The stock’s 50-day moving average is $18.09 and its two-hundred day moving average is $18.34. The firm has a market cap of $408.81 million, a price-to-earnings ratio of -1.63 and a beta of 1.34. Hippo Holdings Inc. has a 1 year low of $6.91 and a 1 year high of $25.49.

Hippo (NYSE:HIPO) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.48) by ($0.16). The firm had revenue of $89.60 million for 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 business posted ($4.61) EPS. As a group, research analysts predict that Hippo Holdings Inc. will post -4.68 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on HIPO shares. Keefe, Bruyette & Woods increased their target price on Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, August 19th. Jefferies Financial Group dropped their target price on Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday.

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.