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

Bank of New York Mellon Corp raised its holdings in shares of Hippo Holdings Inc. (NYSE:HIPO) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,311 shares of the company’s stock after acquiring an additional 2,910 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hippo were worth $1,293,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HIPO. Caz Investments LP boosted its position in shares of Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after purchasing an additional 2,800 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo in the 3rd quarter valued at about $174,000. SG Americas Securities LLC boosted its position in shares of Hippo by 33.2% in the 4th quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock valued at $367,000 after purchasing an additional 3,412 shares during the period. Barclays PLC boosted its position in shares of 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 purchasing an additional 18,960 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Hippo in the 3rd quarter valued at about $864,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hippo

In other Hippo news, CEO Torben Ostergaard sold 3,022 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $25.77, for a total transaction of $77,876.94. Following the sale, the chief executive officer now owns 98,288 shares in the company, valued at approximately $2,532,881.76. This represents a 2.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Stienstra sold 2,329 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 approximately $1,790,632.96. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,269 shares of company stock valued at $2,129,560 in the last ninety days. Corporate insiders own 11.37% of the company’s stock.

Hippo Stock Up 0.5 %

HIPO opened at $26.42 on Monday. The business has a 50 day moving average price of $28.13 and a two-hundred day moving average price of $25.18. The company has a market cap of $662.74 million, a PE ratio of -5.07 and a beta of 1.50. Hippo Holdings Inc. has a 52 week low of $14.58 and a 52 week high of $35.44.

Hippo (NYSE:HIPO) last posted its quarterly earnings data on Wednesday, March 5th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.08. The firm had revenue of $102.00 million during the quarter, compared to the consensus estimate of $97.83 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. As a group, sell-side analysts expect that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

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.