Hippo Holdings Inc (NYSE:HIPO) Director Sam Landman Acquires 6,000 Shares

Hippo Holdings Inc (NYSE:HIPO) Director Sam Landman bought 6,000 shares of the company’s stock in a transaction on Friday, November 19th. The shares were acquired at an average price of $3.72 per share, for a total transaction of $22,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE:HIPO opened at $3.80 on Thursday. Hippo Holdings Inc has a fifty-two week low of $3.26 and a fifty-two week high of $15.05. The firm has a 50-day moving average price of $4.57.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Wednesday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01).

HIPO has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Hippo in a report on Tuesday, October 12th. They set a “neutral” rating and a $5.40 target price on the stock. Jefferies Financial Group assumed coverage on shares of Hippo in a report on Thursday, November 18th. They issued a “buy” rating and a $8.00 price target on the stock.

Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in shares of Hippo in the 3rd quarter valued at approximately $704,000. Park West Asset Management LLC purchased a new position in shares of Hippo in the 3rd quarter valued at approximately $11,232,000. Psagot Value Holdings Ltd. purchased a new position in shares of Hippo in the 3rd quarter valued at approximately $58,000. Two Sigma Securities LLC purchased a new position in shares of Hippo in the 3rd quarter valued at approximately $58,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Hippo in the 3rd quarter valued at approximately $869,000. 23.39% of the stock is owned by hedge funds and other institutional investors.

Hippo Company Profile

Hippo Holdings Inc offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. The company is a licensed property casualty insurance agent with products underwritten by various insurance companies. It operates principally in Austin and Dallas, Texas.

Featured Article: Why Dividend Stocks May Be Right for You

Receive News & Ratings for Hippo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hippo and related companies with MarketBeat.com's FREE daily email newsletter.