Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand Sells 12,250 Shares

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $26.76, for a total value of $327,810.00. Following the transaction, the chairman now owns 499,064 shares in the company, valued at approximately $13,354,952.64. This represents a 2.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Assaf Wand also recently made the following trade(s):

• On Thursday, January 2nd, Assaf Wand sold 12,250 shares of Hippo stock. The shares were sold at an average price of $26.02, for a total value of $318,745.00.

Hippo Stock Performance

Shares of Hippo stock traded up $0.62 during trading on Wednesday, reaching $30.82. The company had a trading volume of 189,543 shares, compared to its average volume of 146,523. Hippo Holdings Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $34.24. The firm’s fifty day moving average is $27.68 and its 200-day moving average is $22.80. The company has a market cap of $750.73 million, a price-to-earnings ratio of -5.92 and a beta of 1.52.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new position in Hippo during the second quarter worth $629,000. Squarepoint Ops LLC bought a new stake in shares of Hippo during the 2nd quarter valued at about $335,000. AQR Capital Management LLC acquired a new stake in Hippo during the second quarter worth about $194,000. SG Americas Securities LLC bought a new position in Hippo in the third quarter worth about $174,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 purchasing an additional 17,978 shares during the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

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.