Hippo Holdings Inc. (NYSE:HIPO) Insider Sells $69,916.58 in Stock

Hippo Holdings Inc. (NYSE:HIPO) insider Michael Stienstra sold 2,329 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total transaction of $69,916.58. Following the transaction, the insider now owns 59,648 shares in the company, valued at approximately $1,790,632.96. The trade was a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hippo Trading Down 4.2 %

HIPO stock opened at $27.10 on Friday. The stock has a 50-day moving average price of $27.59 and a two-hundred day moving average price of $23.83. The company has a market cap of $660.03 million, a PE ratio of -5.20 and a beta of 1.52. Hippo Holdings Inc. has a 12-month low of $10.34 and a 12-month high of $34.24.

Institutional Trading of Hippo

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Hippo in the third quarter valued at approximately $174,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hippo by 37.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock worth $1,113,000 after acquiring an additional 17,978 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Hippo by 9.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock valued at $2,553,000 after acquiring an additional 13,586 shares during the period. Caz Investments LP lifted its holdings in shares of Hippo by 100.0% during the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Hippo during the 3rd quarter valued at $864,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities upped their price target 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.