Hippo Holdings Inc. (NYSE:HIPO) CFO Sells $263,400.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.34, for a total value of $263,400.00. Following the transaction, the chief financial officer now owns 318,215 shares in the company, valued at approximately $8,381,783.10. This represents a 3.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Stewart Ellis also recently made the following trade(s):

• On Wednesday, December 18th, Stewart Ellis sold 12,000 shares of Hippo stock. The shares were sold at an average price of $25.91, for a total value of $310,920.00.

Hippo Stock Up 4.5 %

NYSE HIPO opened at $26.80 on Friday. The stock’s 50 day moving average is $27.44 and its 200 day moving average is $21.19. The firm has a market capitalization of $652.85 million, a PE ratio of -5.14 and a beta of 1.47. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $34.24.

Institutional Trading of Hippo

A number of hedge funds have recently modified their holdings of HIPO. JPMorgan Chase & Co. lifted its position in Hippo by 205.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock valued at $2,467,000 after acquiring an additional 98,256 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Hippo during the third quarter valued at approximately $864,000. Dimensional Fund Advisors LP purchased a new position in shares of Hippo during the second quarter valued at approximately $629,000. State Street Corp boosted its position in shares of Hippo by 10.5% in the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock worth $6,373,000 after purchasing an additional 35,743 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Hippo by 99.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock worth $1,050,000 after buying an additional 30,418 shares during the last quarter. Institutional investors own 43.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HIPO. JMP Securities boosted their price objective 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 target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th.

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.