Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CFO Sells $263,400.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.34, for a total transaction of $263,400.00. Following the transaction, the chief financial officer now directly owns 318,215 shares of the company’s stock, valued at $8,381,783.10. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Stewart Ellis also recently made the following trade(s):

• On Wednesday, December 18th, Stewart Ellis sold 12,000 shares of Hippo stock. The stock was sold at an average price of $25.91, for a total value of $310,920.00.

Hippo Price Performance

NYSE HIPO opened at $26.80 on Monday. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24. The firm has a market capitalization of $652.85 million, a PE ratio of -5.14 and a beta of 1.47. The company’s 50 day simple moving average is $27.44 and its 200 day simple moving average is $21.23.

Hedge Funds Weigh In On Hippo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Hippo by 205.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock worth $2,467,000 after buying an additional 98,256 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Hippo in the third quarter worth about $864,000. Dimensional Fund Advisors LP acquired a new stake in Hippo in the 2nd quarter valued at about $629,000. State Street Corp boosted its position in shares of Hippo by 10.5% during the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock valued at $6,373,000 after purchasing an additional 35,743 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 purchasing an additional 30,418 shares during the last quarter. 43.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HIPO has been the topic of several analyst reports. JMP Securities raised their target price 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 Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th.

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.