Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $55,354.32 in Stock

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

Hippo Trading Up 4.1 %

Shares of HIPO stock opened at $26.29 on Friday. The firm has a fifty day simple moving average of $25.85 and a two-hundred day simple moving average of $20.47. The firm has a market capitalization of $640.42 million, a PE ratio of -5.05 and a beta of 1.47. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. 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. JMP Securities lifted their target price on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd.

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.