Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard Sells 3,022 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of Hippo stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $25.91, for a total transaction of $78,300.02. Following the transaction, the chief executive officer now directly owns 101,310 shares in the company, valued at approximately $2,624,942.10. This represents a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value of $55,354.32.

Hippo Price Performance

HIPO opened at $27.36 on Friday. The company has a market capitalization of $666.49 million, a price-to-earnings ratio of -5.25 and a beta of 1.47. The business’s 50-day moving average price is $26.67 and its two-hundred day moving average price is $20.79. Hippo Holdings Inc. has a 1 year low of $7.75 and a 1 year high of $34.24.

Institutional Investors Weigh In On Hippo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Hippo by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock worth $7,467,000 after acquiring an additional 26,085 shares during the last quarter. State Street Corp lifted its position in shares of Hippo by 10.5% in the third 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. Charles Schwab Investment Management Inc. boosted its holdings in Hippo by 9.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock worth $2,553,000 after purchasing an additional 13,586 shares during the last quarter. JPMorgan Chase & Co. grew its position in Hippo by 205.0% in the third quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock valued at $2,467,000 after purchasing an additional 98,256 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Hippo by 37.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock valued at $1,113,000 after buying an additional 17,978 shares during the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HIPO. JMP Securities raised their price target on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group dropped their target price on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a 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.