Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis Sells 12,000 Shares

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 12,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.91, for a total transaction of $310,920.00. Following the sale, the chief financial officer now directly owns 328,215 shares in the company, valued at $8,504,050.65. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Hippo Price Performance

HIPO stock opened at $26.29 on Friday. The company’s 50-day moving average is $25.85 and its 200-day moving average is $20.47. The stock 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 1 year low of $7.75 and a 1 year high of $34.24.

Hedge Funds Weigh In On Hippo

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Hippo by 99.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock worth $1,050,000 after acquiring an additional 30,418 shares during the last quarter. Rhumbline Advisers increased its holdings in Hippo by 93.7% during the 2nd quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock worth $494,000 after purchasing an additional 13,899 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Hippo by 28.2% in the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after purchasing an additional 5,592 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Hippo in the second quarter valued at approximately $629,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Hippo during the second quarter valued at approximately $335,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. 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 note on Wednesday, October 9th. JMP Securities lifted their price objective on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note 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.