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SAN JOSE, CA—On June 12, 2025, Torben Ostergaard, CEO of Spinnaker at Hippo Holdings Inc. (NYSE:HIPO), executed a sale of 2,444 shares of common stock. The shares were sold at a price of $29.95 each, totaling approximately $73,197. The transaction comes as Hippo, currently valued at approximately $711 million, has demonstrated strong performance with an impressive 85.7% return over the past year. This transaction was conducted under a pre-established Rule 10b5-1 trading plan, dated September 17, 2024.
Following the sale, Ostergaard retains ownership of 64,349 shares, which includes 61,243 restricted stock units (RSUs). The transaction was reported in a filing with the Securities and Exchange Commission on June 16, 2025.
In other recent news, Hippo Holdings Inc. reported a notable 30% increase in revenue for the first quarter of 2025, reaching $110 million. This growth was primarily driven by a significant 91% rise in Insurance as a Service revenue. Despite the positive revenue figures, the company experienced a widened net loss of $48 million, up from $36 million the previous year, attributed to increased expenses and challenges in catastrophe-prone areas. Hippo Holdings has projected full-year 2025 revenue between $465 million and $475 million, with expectations to achieve net profitability by the fourth quarter of 2025. The company is also focusing on expanding its home insurance program and reducing exposure to high-risk areas. Analysts from firms such as KBW and Jefferies have shown interest in the company’s financial strategies and growth plans, with discussions around the issuance of a $50 million surplus note to support growth. The company’s management remains optimistic about improving key financial metrics and maintaining scalability through operational efficiencies.
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