Hippo Holdings Inc. (NYSE:HIPO) Insider Michael Stienstra Sells 2,329 Shares

Hippo Holdings Inc. (NYSE:HIPO) insider Michael Stienstra sold 2,329 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total transaction of $69,916.58. Following the completion of the sale, the insider now owns 59,648 shares of the company’s stock, valued at $1,790,632.96. The trade was a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Hippo Trading Down 5.8 %

Shares of NYSE HIPO opened at $28.38 on Friday. The company has a 50-day moving average price of $27.59 and a 200-day moving average price of $23.75. Hippo Holdings Inc. has a 1 year low of $10.34 and a 1 year high of $34.24.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Hippo by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 1,020,249 shares of the company’s stock valued at $27,312,000 after buying an additional 96,959 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Hippo by 6.3% during the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock valued at $7,467,000 after buying an additional 26,085 shares during the last quarter. State Street Corp lifted its position in shares of Hippo by 10.5% during the third quarter. State Street Corp now owns 377,537 shares of the company’s stock valued at $6,373,000 after purchasing an additional 35,743 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Hippo by 90.8% during the fourth quarter. Renaissance Technologies LLC now owns 268,320 shares of the company’s stock valued at $7,183,000 after purchasing an additional 127,716 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hippo by 96.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 228,137 shares of the company’s stock valued at $6,107,000 after purchasing an additional 112,108 shares in the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.