Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CFO Sells 12,000 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 12,000 shares of Hippo stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.91, for a total transaction of $310,920.00. Following the completion of the transaction, the chief financial officer now directly owns 328,215 shares in the company, valued at approximately $8,504,050.65. The trade was a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hippo Trading Up 4.1 %

NYSE:HIPO opened at $26.29 on Monday. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $34.24. The company has a market cap of $640.42 million, a PE ratio of -5.05 and a beta of 1.47. The company’s 50 day moving average is $25.85 and its two-hundred day moving average is $20.49.

Analyst Ratings Changes

HIPO has been the topic of several analyst reports. Jefferies Financial Group cut their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JMP Securities boosted their target price on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 22nd.

Institutional Investors Weigh In On Hippo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in Hippo by 99.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock worth $1,050,000 after acquiring an additional 30,418 shares during the last quarter. Rhumbline Advisers grew its stake in Hippo by 93.7% during the 2nd quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock valued at $494,000 after purchasing an additional 13,899 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Hippo by 28.2% in the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after purchasing an additional 5,592 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Hippo in the second quarter worth about $629,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Hippo during the second quarter worth about $335,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

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.