Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $82,349.50 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $27.25, for a total transaction of $82,349.50. Following the sale, the chief executive officer now owns 95,266 shares in the company, valued at approximately $2,595,998.50. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, January 8th, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was 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 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 Trading Up 1.2 %

Hippo stock traded up $0.33 during mid-day trading on Friday, hitting $28.01. The company had a trading volume of 147,668 shares, compared to its average volume of 136,648. Hippo Holdings Inc. has a 12-month low of $8.68 and a 12-month high of $34.24. The company’s fifty day moving average is $27.97 and its 200-day moving average is $22.56. The company has a market capitalization of $682.32 million, a price-to-earnings ratio of -5.38 and a beta of 1.51.

Analyst Upgrades and Downgrades

HIPO has been the subject of a number of research analyst reports. JMP Securities increased their price objective on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group decreased their target price on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HIPO. JPMorgan Chase & Co. grew its holdings in Hippo by 205.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock valued at $2,467,000 after buying an additional 98,256 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Hippo in the 3rd quarter valued at about $864,000. Dimensional Fund Advisors LP purchased a new position in shares of Hippo in the 2nd quarter valued at about $629,000. State Street Corp boosted its stake in shares of 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 buying an additional 35,743 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Hippo by 6.3% during the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock worth $7,467,000 after purchasing an additional 26,085 shares during the last quarter. 43.01% of the stock is owned by institutional investors and hedge funds.

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.