Caz Investments LP Sells 2,800 Shares of Hippo Holdings Inc. (NYSE:HIPO)

Caz Investments LP trimmed its holdings in Hippo Holdings Inc. (NYSE:HIPO) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,800 shares of the company’s stock after selling 2,800 shares during the period. Hippo accounts for about 0.1% of Caz Investments LP’s portfolio, making the stock its 18th biggest holding. Caz Investments LP’s holdings in Hippo were worth $75,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC bought a new position in Hippo in the 4th quarter valued at about $204,000. Public Employees Retirement System of Ohio acquired a new position in shares of Hippo in the third quarter valued at approximately $174,000. SG Americas Securities LLC increased its stake in shares of 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 purchasing an additional 3,412 shares during the period. Barclays PLC lifted its holdings in Hippo by 276.5% during the 3rd quarter. Barclays PLC now owns 25,816 shares of the company’s stock worth $435,000 after purchasing an additional 18,960 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Hippo by 8.1% in the 4th quarter. American Century Companies Inc. now owns 34,688 shares of the company’s stock valued at $929,000 after purchasing an additional 2,591 shares during the period. 43.01% of the stock is owned by institutional investors and hedge funds.

Hippo Price Performance

Shares of NYSE HIPO opened at $25.95 on Friday. Hippo Holdings Inc. has a one year low of $14.58 and a one year high of $35.44. The firm has a market cap of $650.88 million, a price-to-earnings ratio of -4.98 and a beta of 1.50. The stock’s fifty day moving average price is $28.17 and its two-hundred day moving average price is $25.38.

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

Insider Transactions at Hippo

In related news, CEO Torben Ostergaard sold 3,022 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 98,288 shares in the company, valued at approximately $2,532,881.76. This trade represents a 2.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Assaf Wand sold 12,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.02, for a total value of $318,745.00. Following the completion of the transaction, the chairman now directly owns 511,314 shares of the company’s stock, valued at approximately $13,304,390.28. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,269 shares of company stock valued at $2,129,560. 11.37% of the stock is currently owned by company insiders.

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.