Hippo Holdings Inc. (NYSE:HIPO) CFO Sells $263,400.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 10,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.34, for a total value of $263,400.00. Following the sale, the chief financial officer now directly owns 318,215 shares in the company, valued at $8,381,783.10. This trade represents a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Stewart Ellis also recently made the following trade(s):

• On Wednesday, December 18th, Stewart Ellis sold 12,000 shares of Hippo stock. The stock was sold at an average price of $25.91, for a total value of $310,920.00.

Hippo Price Performance

NYSE:HIPO opened at $26.80 on Monday. The stock has a market cap of $652.85 million, a PE ratio of -5.14 and a beta of 1.47. Hippo Holdings Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.24. The stock’s 50-day moving average is $27.44 and its two-hundred day moving average is $21.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in 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 buying an additional 30,418 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Hippo by 93.7% in the second quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock worth $494,000 after acquiring an additional 13,899 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Hippo by 28.2% during the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after acquiring an additional 5,592 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Hippo during the second quarter valued at $629,000. Finally, Squarepoint Ops LLC purchased a new position in Hippo in the second quarter valued at about $335,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HIPO. Jefferies Financial Group dropped their target price on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. JMP Securities lifted their price objective on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research 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.