Michael Stienstra Sells 855 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) insider Michael Stienstra sold 855 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $25.55, for a total transaction of $21,845.25. Following the completion of the transaction, the insider now owns 70,249 shares in the company, valued at $1,794,861.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hippo Stock Down 8.9 %

Shares of HIPO traded down $2.64 on Tuesday, hitting $27.02. 376,264 shares of the stock traded hands, compared to its average volume of 156,541. The stock’s 50 day moving average is $19.10 and its two-hundred day moving average is $18.30. The firm has a market capitalization of $673.34 million, a P/E ratio of -5.19 and a beta of 1.26. Hippo Holdings Inc. has a 1 year low of $7.75 and a 1 year high of $29.74.

Institutional Investors Weigh In On Hippo

A number of institutional investors and hedge funds have recently modified their holdings of HIPO. SG Americas Securities LLC bought a new position in Hippo in the 3rd quarter worth approximately $174,000. AQR Capital Management LLC acquired a new position in shares of Hippo in the 2nd quarter valued at approximately $194,000. PEAK6 Investments LLC acquired a new position in shares of Hippo in the 1st quarter worth approximately $277,000. Squarepoint Ops LLC bought a new stake in Hippo during the 2nd quarter worth approximately $335,000. Finally, Price T Rowe Associates Inc. MD raised its position in Hippo by 3.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock valued at $427,000 after buying an additional 801 shares during the last quarter. 43.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HIPO has been the subject of several research reports. Jefferies Financial Group reduced their price objective on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price on shares of Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th.

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.