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 that occurred 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 transaction, the insider now directly owns 59,648 shares in the company, valued at $1,790,632.96. This represents a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hippo Stock Up 0.5 %

HIPO opened at $30.15 on Thursday. The stock has a market capitalization of $734.45 million, a price-to-earnings ratio of -5.79 and a beta of 1.52. Hippo Holdings Inc. has a twelve month low of $10.26 and a twelve month high of $34.24. The company has a 50-day simple moving average of $27.58 and a 200 day simple moving average of $23.72.

Analyst Upgrades and Downgrades

Separately, JMP Securities increased 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.

Institutional Trading of Hippo

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its holdings in shares of Hippo by 13.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,736 shares of the company’s stock worth $314,000 after buying an additional 1,400 shares in the last quarter. Sphera Management Technology Funds Ltd acquired a new position in Hippo during the fourth quarter worth about $1,017,000. Two Sigma Advisers LP bought a new position in shares of Hippo in the fourth quarter worth about $200,000. Two Sigma Investments LP acquired a new stake in shares of Hippo in the 4th quarter valued at approximately $259,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Hippo during the 4th quarter valued at approximately $296,000. Institutional investors own 43.01% of the company’s stock.

Hippo Company Profile

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.