Hippo Holdings Inc. (NYSE:HIPO) CEO Sells 2,092 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 2,092 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $26.46, for a total value of $55,354.32. Following the sale, the chief executive officer now owns 104,332 shares of the company’s stock, valued at $2,760,624.72. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hippo Trading Up 0.6 %

NYSE HIPO traded up $0.16 during trading on Thursday, hitting $25.26. The company had a trading volume of 145,363 shares, compared to its average volume of 160,753. Hippo Holdings Inc. has a one year low of $7.75 and a one year high of $34.24. The company has a market cap of $615.33 million, a price-to-earnings ratio of -4.85 and a beta of 1.47. The company’s fifty day moving average is $25.50 and its 200-day moving average is $20.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caz Investments LP boosted its position in shares of Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after purchasing an additional 2,800 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Hippo during the 3rd quarter valued at $174,000. SG Americas Securities LLC purchased a new stake in shares of Hippo in the 3rd quarter worth about $174,000. AQR Capital Management LLC bought a new position in shares of Hippo in the 2nd quarter worth about $194,000. Finally, Squarepoint Ops LLC purchased a new position in Hippo during the 2nd quarter valued at about $335,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.