Hippo Holdings Inc. (NYSE:HIPO) Chairman Sells $318,745.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.02, for a total value of $318,745.00. Following the completion of the transaction, the chairman now owns 511,314 shares of the company’s stock, valued at approximately $13,304,390.28. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hippo Trading Up 4.5 %

Shares of NYSE:HIPO opened at $26.80 on Monday. The stock has a fifty day simple moving average of $27.44 and a two-hundred day simple moving average of $21.23. Hippo Holdings Inc. has a 12-month low of $7.75 and a 12-month high of $34.24. The stock has a market capitalization of $652.85 million, a price-to-earnings ratio of -5.14 and a beta of 1.47.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. 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 report on Wednesday, October 9th. JMP Securities boosted their price objective on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 22nd.

Hedge Funds Weigh In On Hippo

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caz Investments LP grew its position in 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 purchasing an additional 2,800 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Hippo in the third quarter worth approximately $174,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Hippo during the third quarter valued at approximately $174,000. AQR Capital Management LLC bought a new stake in shares of Hippo during the second quarter valued at approximately $194,000. Finally, Squarepoint Ops LLC purchased a new position in Hippo in the 2nd quarter worth approximately $335,000. 43.01% of the stock is currently owned by institutional investors.

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.