Hippo Holdings Inc. (NYSE:HIPO) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Hippo Holdings Inc. (NYSE:HIPO) by 37.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,924 shares of the company’s stock after purchasing an additional 17,978 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.26% of Hippo worth $1,113,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HIPO. Price T Rowe Associates Inc. MD lifted its position in Hippo by 3.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock worth $427,000 after acquiring an additional 801 shares during the period. American Century Companies Inc. lifted its position in Hippo by 28.2% during the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after acquiring an additional 5,592 shares during the period. SG Americas Securities LLC acquired a new stake in Hippo during the 3rd quarter worth about $174,000. AQR Capital Management LLC acquired a new stake in Hippo during the 2nd quarter worth about $194,000. Finally, Rhumbline Advisers lifted its position in Hippo by 93.7% during the 2nd quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock worth $494,000 after acquiring an additional 13,899 shares during the period. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Stock Up 1.0 %

Shares of HIPO stock opened at $32.91 on Thursday. The stock has a market cap of $801.69 million, a PE ratio of -6.27 and a beta of 1.26. The business has a 50-day simple moving average of $21.55 and a 200-day simple moving average of $19.07. Hippo Holdings Inc. has a 52-week low of $7.75 and a 52-week high of $34.24.

Insider Activity

In related news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total value of $198,327.50. Following the completion of the transaction, the chairman now owns 548,064 shares in the company, valued at $8,873,156.16. The trade was a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anirudh Badia sold 2,552 shares of Hippo stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $24.49, for a total value of $62,498.48. Following the completion of the transaction, the chief accounting officer now owns 102,315 shares of the company’s stock, valued at approximately $2,505,694.35. This represents a 2.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,657 shares of company stock valued at $990,571 in the last quarter. 11.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HIPO has been the subject of a number of research reports. Jefferies Financial Group lowered their price target on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price target on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Monday, August 19th. Finally, JMP Securities boosted their price objective on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd.

About Hippo

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.