AQR Capital Management LLC Purchases Shares of 11,266 Hippo Holdings Inc. (NYSE:HIPO)

AQR Capital Management LLC purchased a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,266 shares of the company’s stock, valued at approximately $194,000.

Several other large investors have also added to or reduced their stakes in HIPO. Steamboat Capital Partners LLC purchased a new stake in Hippo during the 1st quarter valued at about $158,000. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 45,058 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Hippo in the first quarter worth about $277,000. Hood River Capital Management LLC boosted its stake 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 worth $5,962,000 after buying an additional 144,459 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake 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 during the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Insiders Place Their Bets

In other Hippo news, CRO Yuval Harry sold 1,419 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $18.14, for a total transaction of $25,740.66. Following the transaction, the executive now owns 121,753 shares in the company, valued at approximately $2,208,599.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Hippo news, CRO Yuval Harry sold 1,419 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $18.14, for a total transaction of $25,740.66. Following the completion of the transaction, the executive now owns 121,753 shares of the company’s stock, valued at $2,208,599.42. This 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 available through this hyperlink. Also, Chairman Assaf Wand sold 12,250 shares of the stock in a transaction that occurred 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 transaction, the chairman now directly owns 548,064 shares of the company’s stock, valued at $8,873,156.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,627 shares of company stock worth $278,762. 11.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on HIPO. Jefferies Financial Group lowered their target price on Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Monday, August 19th.

Hippo Trading Up 1.6 %

Shares of HIPO stock opened at $19.50 on Friday. The company has a market capitalization of $476.39 million, a P/E ratio of -1.93 and a beta of 1.34. The business’s 50 day moving average is $18.32 and its two-hundred day moving average is $18.36. Hippo Holdings Inc. has a 12-month low of $6.91 and a 12-month high of $25.49.

Hippo (NYSE:HIPO) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($1.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.48) by ($0.16). The business 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 quarter in the prior year, the company posted ($4.61) EPS. On average, research analysts predict that Hippo Holdings Inc. will post -4.6 earnings per share for the current fiscal year.

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.