Hippo Holdings Inc. (NYSE:HIPO) CFO Sells $310,920.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 12,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.91, for a total transaction of $310,920.00. Following the completion of the sale, the chief financial officer now owns 328,215 shares in the company, valued at approximately $8,504,050.65. This trade represents a 3.53 % 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 Up 4.1 %

HIPO opened at $26.29 on Monday. The stock’s fifty day moving average is $25.85 and its two-hundred day moving average is $20.49. The company has a market capitalization of $640.42 million, a P/E ratio of -5.05 and a beta of 1.47. Hippo Holdings Inc. has a 52 week low of $7.75 and a 52 week high of $34.24.

Analyst Ratings Changes

Several analysts recently weighed in on HIPO shares. JMP Securities increased their price target on 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 price objective on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th.

Hedge Funds Weigh In On Hippo

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new position in Hippo during the 2nd quarter worth about $629,000. Bank of New York Mellon Corp boosted its stake in shares of Hippo by 99.2% during the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock valued at $1,050,000 after purchasing an additional 30,418 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Hippo by 37.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock valued at $1,113,000 after buying an additional 17,978 shares during the period. SG Americas Securities LLC bought a new position in Hippo in the third quarter worth approximately $174,000. Finally, AQR Capital Management LLC purchased a new stake in Hippo during the second quarter worth $194,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

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.