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Hippo Plans $50M Stock Buyback

Hippo Holdings Inc. (NYSE:HIPO) Board has authorized a stock repurchase program for up to $50 million of its common…
byAkanksha Bakshi
March 13, 2023
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  • Hippo Holdings Inc. (NYSE: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.
 
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