- Hippo Holdings Inc. HIPO Board has authorized a stock repurchase program for up to $50 million of its common stock, effective immediately.
- Repurchases under the program may be made in the open market, in privately negotiated transactions, or otherwise.
- The program does not obligate Hippo to acquire any particular amount of its common stock and may be modified, suspended, or terminated at any time at Hippo’s discretion.
- HIPO held cash and investments of $640 million at year-end.
- Price Action: HIPO shares are trading higher by 7.72% at $14.23 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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