Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $78,300.02 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $25.91, for a total transaction of $78,300.02. Following the transaction, the chief executive officer now owns 101,310 shares of the company’s stock, valued at $2,624,942.10. This represents a 2.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 Trading Down 3.7 %

Hippo stock opened at $27.36 on Friday. Hippo Holdings Inc. has a 52 week low of $7.75 and a 52 week high of $34.24. The stock has a market cap of $666.49 million, a price-to-earnings ratio of -5.25 and a beta of 1.47. The company’s 50-day moving average price is $26.67 and its two-hundred day moving average price is $20.81.

Analyst Ratings Changes

Several equities research analysts have commented on HIPO shares. Jefferies Financial Group dropped their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. JMP Securities lifted their target price on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd.

Institutional Inflows and Outflows

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

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.