Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard Sells 3,022 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of Hippo stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $27.25, for a total transaction of $82,349.50. Following the completion of the sale, the chief executive officer now directly owns 95,266 shares of the company’s stock, valued at approximately $2,595,998.50. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Torben Ostergaard also recently made the following trade(s):

• On Wednesday, January 8th, Torben Ostergaard sold 3,022 shares of Hippo stock. The shares were sold at an average price of $25.77, for a total value of $77,876.94.
• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $25.91, for a total value of $78,300.02.
• On Tuesday, December 17th, Torben Ostergaard sold 2,092 shares of Hippo stock. The shares were sold at an average price of $26.46, for a total value of $55,354.32.

Hippo Stock Up 1.2 %

Shares of NYSE:HIPO opened at $28.01 on Friday. The business’s 50 day moving average is $27.85 and its 200 day moving average is $22.63. Hippo Holdings Inc. has a 12-month low of $8.68 and a 12-month high of $34.24.

Analyst Ratings Changes

Several analysts recently issued reports on HIPO shares. JMP Securities lifted their price target on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group reduced their price objective on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently bought and sold shares of the company. Caz Investments LP boosted its stake in shares of Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after buying an additional 2,800 shares during the last quarter. SG Americas Securities LLC boosted its position in Hippo by 33.2% in the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock worth $367,000 after purchasing an additional 3,412 shares during the last quarter. American Century Companies Inc. grew its stake in Hippo by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after purchasing an additional 5,592 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Hippo during the 3rd quarter valued at $174,000. Finally, AQR Capital Management LLC bought a new stake in shares of Hippo during the 2nd quarter worth $194,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

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.