Hippo (HIPO) Set to Announce Quarterly Earnings on Thursday

Hippo (NYSE:HIPO) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of ($1.48) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Hippo Stock Down 4.2 %

Shares of HIPO stock opened at $15.11 on Wednesday. The stock has a 50-day simple moving average of $17.02 and a 200 day simple moving average of $16.65. Hippo has a fifty-two week low of $6.64 and a fifty-two week high of $25.49. The stock has a market capitalization of $369.14 million, a P/E ratio of -1.50 and a beta of 1.33.

Analyst Upgrades and Downgrades

HIPO has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $25.00 price target on shares of Hippo in a research report on Monday, April 15th. Keefe, Bruyette & Woods lowered Hippo from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $22.00 to $20.00 in a research report on Monday, July 22nd.

Insider Activity at Hippo

In other Hippo news, CRO Yuval Harry sold 14,995 shares of Hippo stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $18.16, for a total value of $272,309.20. Following the transaction, the executive now directly owns 123,993 shares of the company’s stock, valued at approximately $2,251,712.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 11.37% of the stock is 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.