Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $77,876.94 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of Hippo stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $25.77, for a total value of $77,876.94. Following the sale, the chief executive officer now directly owns 98,288 shares in the company, valued at $2,532,881.76. The trade was a 2.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was 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 stock was sold at an average price of $26.46, for a total transaction of $55,354.32.

Hippo Stock Down 6.4 %

NYSE:HIPO opened at $24.49 on Friday. The firm has a market cap of $596.58 million, a PE ratio of -4.70 and a beta of 1.51. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24. The company’s 50-day moving average price is $28.02 and its two-hundred day moving average price is $21.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HIPO. JPMorgan Chase & Co. increased its holdings in Hippo by 205.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock valued at $2,467,000 after purchasing an additional 98,256 shares in the last quarter. Barclays PLC increased its stake in shares of Hippo by 276.5% in the third quarter. Barclays PLC now owns 25,816 shares of the company’s stock valued at $435,000 after buying an additional 18,960 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hippo by 6.3% in the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock valued at $7,467,000 after buying an additional 26,085 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hippo during the 3rd quarter worth about $174,000. Finally, State Street Corp increased its position in Hippo by 10.5% in the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock valued at $6,373,000 after acquiring an additional 35,743 shares in the last quarter. 43.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HIPO has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. JMP Securities boosted their price target on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note 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.