Hippo Holdings Inc. (NYSE:HIPO) Insider Sells $21,845.25 in Stock

Hippo Holdings Inc. (NYSE:HIPO) insider Michael Stienstra sold 855 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $25.55, for a total transaction of $21,845.25. Following the completion of the sale, the insider now owns 70,249 shares in the company, valued at $1,794,861.95. This represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hippo Stock Down 1.5 %

HIPO opened at $26.50 on Friday. The firm’s 50-day simple moving average is $19.60 and its 200-day simple moving average is $18.45. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $29.74.

Analyst Ratings Changes

Several analysts have recently weighed in on HIPO shares. Jefferies Financial Group decreased their price objective on Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price target on shares of Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, August 19th.

Institutional Investors Weigh In On Hippo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caz Investments LP lifted its position in shares of Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after purchasing an additional 2,800 shares in the last quarter. SG Americas Securities LLC bought a new position in Hippo in the 3rd quarter worth approximately $174,000. AQR Capital Management LLC acquired a new position in Hippo during the 2nd quarter worth $194,000. PEAK6 Investments LLC bought a new position in Hippo in the 1st quarter valued at $277,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Hippo during the second quarter worth $335,000. 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.