Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard Sells 21,146 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 21,146 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $30.05, for a total transaction of $635,437.30. Following the transaction, the chief executive officer now directly owns 74,120 shares of the company’s stock, valued at $2,227,306. This represents a 22.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Torben Ostergaard also recently made the following trade(s):

• On Wednesday, January 29th, Torben Ostergaard sold 3,022 shares of Hippo stock. The shares were sold at an average price of $27.25, for a total transaction of $82,349.50.
• On Wednesday, January 8th, Torben Ostergaard sold 3,022 shares of Hippo stock. The shares were sold at an average price of $25.77, for a total transaction of $77,876.94.
• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The shares were sold at an average price of $25.91, for a total transaction of $78,300.02.
• On Tuesday, December 17th, Torben Ostergaard sold 2,092 shares of Hippo stock. The shares were sold at an average price of $26.46, for a total transaction of $55,354.32.

Hippo Stock Performance

Shares of HIPO stock opened at $31.21 on Friday. Hippo Holdings Inc. has a 12-month low of $8.78 and a 12-month high of $34.24. The firm’s 50 day moving average is $27.61 and its 200 day moving average is $22.91.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Separately, JMP Securities raised their price target on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research 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.