Torben Ostergaard Sells 21,146 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 21,146 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $30.05, for a total transaction of $635,437.30. Following the completion of the sale, the chief executive officer now owns 74,120 shares in the company, valued at $2,227,306. The trade was a 22.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, January 29th, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $27.25, for a total transaction of $82,349.50.
• On Wednesday, January 8th, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $25.77, for a total transaction 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 transaction of $78,300.02.
• On Tuesday, December 17th, Torben Ostergaard sold 2,092 shares of Hippo stock. The stock was sold at an average price of $26.46, for a total transaction of $55,354.32.

Hippo Price Performance

NYSE:HIPO opened at $31.07 on Friday. The firm has a 50 day simple moving average of $27.57 and a 200-day simple moving average of $23.00. The firm has a market cap of $756.91 million, a PE ratio of -5.96 and a beta of 1.52. Hippo Holdings Inc. has a 1-year low of $8.78 and a 1-year high of $34.24.

Hedge Funds Weigh In On Hippo

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP acquired a new position in Hippo during the second quarter worth approximately $629,000. Squarepoint Ops LLC acquired a new position in Hippo during the second quarter worth approximately $335,000. AQR Capital Management LLC purchased a new stake in Hippo during the second quarter worth approximately $194,000. SG Americas Securities LLC purchased a new stake in Hippo during the third quarter worth approximately $174,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake 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 worth $1,113,000 after buying an additional 17,978 shares during the period. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities raised their price objective on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd.

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.