Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $78,300.02 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of Hippo stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $25.91, for a total value of $78,300.02. Following the sale, the chief executive officer now directly owns 101,310 shares in the company, valued at approximately $2,624,942.10. The trade was a 2.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, December 17th, Torben Ostergaard sold 2,092 shares of Hippo stock. The shares were sold at an average price of $26.46, for a total value of $55,354.32.

Hippo Trading Down 3.7 %

Shares of HIPO opened at $27.36 on Friday. Hippo Holdings Inc. has a 52 week low of $7.75 and a 52 week high of $34.24. The firm has a market cap of $666.49 million, a price-to-earnings ratio of -5.25 and a beta of 1.47. The stock has a 50 day moving average of $26.67 and a 200-day moving average of $20.81.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HIPO. JMP Securities increased their target price on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Jefferies Financial Group decreased their price objective on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently added to or reduced their stakes in the business. Caz Investments LP raised its holdings in shares of Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after purchasing an additional 2,800 shares during the period. American Century Companies Inc. grew its position in shares of Hippo by 28.2% during the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after buying an additional 5,592 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Hippo during the third quarter worth about $174,000. Public Employees Retirement System of Ohio bought a new position in Hippo in the third quarter worth about $174,000. Finally, AQR Capital Management LLC acquired a new position in Hippo in the second quarter valued at approximately $194,000. Institutional investors and hedge funds 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.