SCHEDULE 13G/A: Akin Group Discloses 7.22% Stake in Hippo Holdings Inc. via Amended SEC Filing
Beneficial Ownership Disclosure
An amended Schedule 13G filing reveals that Thomas B. Akin and related entities collectively hold a 7.22% beneficial ownership stake in Hippo Holdings Inc. as of January 17, 2025.
Summary
- Thomas B. Akin, along with Talkot Fund LP, Talkot Partners V LP, Akin Family Foundation, Blair Spencer Akin, Karen Hochster, and Kyle Akin, collectively beneficially own 1,909,195 shares of Hippo Holdings Inc. Common Stock.
- This aggregate ownership represents 7.22% of the company's outstanding Common Stock.
- The percentage is based on 25,232,297 shares of Common Stock issued and outstanding as of November 4, 2024, as reported in Hippo Holdings Inc.'s Form 10Q filed on November 8, 2024.
- Thomas B. Akin directly beneficially owns 959,080 shares (3.8% of class).
- Talkot Fund LP directly beneficially owns 665,402 shares (2.6% of class).
- Talkot Partners V LP directly beneficially owns 7,412 shares (0.0% of class).
- Akin Family Foundation directly beneficially owns 87,500 shares (0.4% of class).
- Blair Spencer Akin directly beneficially owns 119,500 shares (0.5% of class).
- Karen Hochster directly beneficially owns 30,301 shares (0.1% of class).
- Kyle Akin directly beneficially owns 40,000 shares (0.2% of class).
- The reporting persons collectively hold shared voting power and shared dispositive power over all 1,909,195 shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of significant ownership, common in the financial industry for publicly traded companies. It does not provide specific insights into Hippo Holdings Inc.'s operational performance or broader industry trends beyond the ownership structure.
Related Party Transactions
- The filing discloses a group of related individuals and entities (Thomas B. Akin, family members, and associated funds) acting together to hold a collective beneficial ownership stake in Hippo Holdings Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes, which can influence perceptions of control and stability. The filing explicitly states the shares were not acquired for the purpose of changing or influencing control, other than activities solely in connection with a nomination under Rule 240.14a-11.
Key Dates
| Date | Description |
|---|---|
| 2024-11-04 | Date as of which 25,232,297 shares of Common Stock were reported as issued and outstanding in Form 10Q. |
| 2024-11-08 | Date Form 10Q was filed with the SEC, reporting shares outstanding. |
| 2025-01-17 | Date of event which required the filing of this Schedule 13G Amendment No. 1. |
| 2025-02-04 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
Hippo Holdings Inc., Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Thomas B. Akin, Talkot Fund LP, Institutional Ownership, Shareholder Disclosure
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