Hippo Holdings Inc. (NYSE:HIPO) Chairman Sells $327,810.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $26.76, for a total value of $327,810.00. Following the completion of the transaction, the chairman now directly owns 499,064 shares in the company, valued at $13,354,952.64. This trade represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $318,745.00.

Hippo Stock Performance

Shares of NYSE HIPO opened at $31.07 on Friday. Hippo Holdings Inc. has a 1 year low of $8.78 and a 1 year high of $34.24. The firm has a market cap of $756.91 million, a price-to-earnings ratio of -5.96 and a beta of 1.52. The stock’s 50-day simple moving average is $27.57 and its 200-day simple moving average is $23.00.

Wall Street Analyst Weigh In

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

Institutional Trading of Hippo

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in shares of Hippo by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company’s stock worth $4,087,000 after acquiring an additional 1,424 shares during the last quarter. Caz Investments LP increased its holdings in Hippo by 100.0% in the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after buying an additional 2,800 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Hippo by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 48,311 shares of the company’s stock valued at $1,293,000 after buying an additional 2,910 shares during the last quarter. SG Americas Securities LLC increased its holdings in Hippo by 33.2% in the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock valued at $367,000 after buying an additional 3,412 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Hippo in the third quarter valued at about $174,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

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.