Dimensional Fund Advisors LP Takes Position in Hippo Holdings Inc. (NYSE:HIPO)

Dimensional Fund Advisors LP purchased a new stake in Hippo Holdings Inc. (NYSE:HIPO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,603 shares of the company’s stock, valued at approximately $629,000.

Other large investors have also made changes to their positions in the company. Hood River Capital Management LLC grew its position in shares of 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 purchasing an additional 144,459 shares in the last quarter. Vanguard Group Inc. grew its position in Hippo by 6.3% in the first quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock worth $13,872,000 after acquiring an additional 45,058 shares during the period. Bank of New York Mellon Corp grew its position in Hippo by 99.2% in the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock worth $1,050,000 after acquiring an additional 30,418 shares during the period. PEAK6 Investments LLC purchased a new position in Hippo in the first quarter worth approximately $277,000. Finally, Price T Rowe Associates Inc. MD grew its position 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 worth $427,000 after acquiring an additional 801 shares during the period. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HIPO. Keefe, Bruyette & Woods increased their price objective on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Monday, August 19th. Jefferies Financial Group lowered their price objective on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

Hippo Stock Performance

HIPO opened at $17.66 on Monday. Hippo Holdings Inc. has a 52 week low of $6.91 and a 52 week high of $25.49. The business has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $18.34.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Thursday, August 8th. The company reported ($1.64) EPS for the quarter, missing the consensus estimate of ($1.48) by ($0.16). Hippo had a negative return on equity of 46.46% and a negative net margin of 57.80%. The firm had revenue of $89.60 million for the quarter, compared to analysts’ expectations of $85.40 million. During the same quarter in the prior year, the business earned ($4.61) earnings per share. On average, equities analysts forecast that Hippo Holdings Inc. will post -4.6 EPS for the current year.

Insider Transactions at Hippo

In other news, Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the completion of the transaction, the chairman now directly owns 548,064 shares in the company, 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 at the SEC website. In other news, CRO Yuval Harry sold 1,419 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $18.14, for a total value of $25,740.66. Following the sale, the executive now directly owns 121,753 shares in the company, valued at approximately $2,208,599.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Assaf Wand sold 12,250 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $16.19, for a total value of $198,327.50. Following the completion of the sale, the chairman now owns 548,064 shares in the company, valued at approximately $8,873,156.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,627 shares of company stock worth $278,762 over the last ninety days. Company insiders own 11.37% of the company’s stock.

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.