Torben Ostergaard Sells 2,092 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $26.46, for a total value of $55,354.32. Following the completion of the transaction, the chief executive officer now owns 104,332 shares of the company’s stock, valued at $2,760,624.72. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hippo Price Performance

Shares of HIPO opened at $26.29 on Friday. The company has a market cap of $640.42 million, a PE ratio of -5.05 and a beta of 1.47. The firm has a 50-day moving average of $25.85 and a 200-day moving average of $20.47. Hippo Holdings Inc. has a one year low of $7.75 and a one year high of $34.24.

Institutional Investors Weigh In On Hippo

Hedge funds have recently bought and sold shares of the stock. Caz Investments LP raised its holdings in Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after acquiring an additional 2,800 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Hippo during the third quarter worth $174,000. SG Americas Securities LLC acquired a new stake in shares of Hippo in the 3rd quarter valued at $174,000. AQR Capital Management LLC bought a new position in shares of Hippo in the 2nd quarter valued at $194,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Hippo during the 2nd quarter worth $335,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JMP Securities increased their target price on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group cut their price objective on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th.

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.