Hippo Holdings Inc. (NYSE:HIPO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Hippo Holdings Inc. (NYSE:HIPO) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 152,664 shares of the company’s stock after buying an additional 1,424 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hippo were worth $4,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of HIPO. Caz Investments LP raised its holdings in Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after purchasing an additional 2,800 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hippo in the 3rd quarter valued at about $174,000. SG Americas Securities LLC boosted its position in Hippo by 33.2% during the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock worth $367,000 after acquiring an additional 3,412 shares during the last quarter. Barclays PLC increased its stake in shares of Hippo by 276.5% during the 3rd quarter. Barclays PLC now owns 25,816 shares of the company’s stock valued at $435,000 after acquiring an additional 18,960 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Hippo during the 3rd quarter worth $864,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Insider Activity at Hippo

In related news, CEO Torben Ostergaard sold 3,022 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $25.77, for a total value of $77,876.94. Following the sale, the chief executive officer now directly owns 98,288 shares in the company, valued at $2,532,881.76. This trade represents a 2.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.02, for a total transaction of $318,745.00. Following the transaction, the chairman now directly owns 511,314 shares in the company, valued at approximately $13,304,390.28. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,269 shares of company stock valued at $2,129,560. Corporate insiders own 11.37% of the company’s stock.

Hippo Stock Performance

Shares of NYSE:HIPO opened at $26.60 on Thursday. The stock has a 50-day simple moving average of $28.23 and a 200-day simple moving average of $25.32. Hippo Holdings Inc. has a 1 year low of $14.58 and a 1 year high of $35.44. The stock has a market capitalization of $667.18 million, a P/E ratio of -5.11 and a beta of 1.50.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.08. The business had revenue of $102.00 million for the quarter, compared to analysts’ expectations of $97.83 million. Hippo had a negative return on equity of 36.38% and a negative net margin of 37.94%. Analysts predict that Hippo Holdings Inc. will post -3.63 earnings per share for the current year.

About Hippo

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.