Hippo Holdings Inc. (NYSE:HIPO) Chairman Sells $354,025.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $28.90, for a total value of $354,025.00. Following the sale, the chairman now directly owns 486,814 shares of the company’s stock, valued at $14,068,924.60. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 3rd, Assaf Wand sold 12,250 shares of Hippo stock. The stock was sold at an average price of $26.76, for a total transaction of $327,810.00.
• 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 transaction of $318,745.00.

Hippo Price Performance

HIPO stock traded up $0.24 during midday trading on Wednesday, hitting $29.45. 182,032 shares of the stock traded hands, compared to its average volume of 150,177. Hippo Holdings Inc. has a 1-year low of $14.22 and a 1-year high of $34.24. The stock’s fifty day simple moving average is $27.85 and its 200-day simple moving average is $24.42. The firm has a market cap of $717.35 million, a P/E ratio of -5.65 and a beta of 1.52.

Institutional Investors Weigh In On Hippo

Several hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Hippo by 37.5% in 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 period. Charles Schwab Investment Management Inc. grew its stake in Hippo by 9.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock valued at $2,553,000 after acquiring an additional 13,586 shares during the period. Caz Investments LP increased its holdings in Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after acquiring an additional 2,800 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Hippo during the third quarter worth $864,000. Finally, State Street Corp lifted its holdings in 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. 43.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities upped their target price on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research note 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.