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

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $25.77, for a total transaction of $77,876.94. Following the transaction, the chief executive officer now directly owns 98,288 shares in the company, valued at approximately $2,532,881.76. The trade was a 2.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $25.91, for a total transaction of $78,300.02.
• 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 transaction of $55,354.32.

Hippo Trading Down 6.4 %

NYSE:HIPO opened at $24.49 on Friday. The firm has a market capitalization of $596.58 million, a PE ratio of -4.70 and a beta of 1.51. Hippo Holdings Inc. has a 1 year low of $7.75 and a 1 year high of $34.24. The firm’s fifty day simple moving average is $28.02 and its 200 day simple moving average is $21.55.

Institutional Investors Weigh In On Hippo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP bought a new stake in Hippo during the 2nd quarter valued at approximately $629,000. Bank of New York Mellon Corp boosted its position in shares of Hippo by 99.2% in the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock valued at $1,050,000 after acquiring an additional 30,418 shares during the period. Barclays PLC grew its stake in shares of Hippo by 276.5% in the third quarter. Barclays PLC now owns 25,816 shares of the company’s stock worth $435,000 after acquiring an additional 18,960 shares during the last quarter. Geode Capital Management LLC increased its position in Hippo by 6.3% during the third 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Hippo by 37.5% during 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 purchasing an additional 17,978 shares during the last quarter. 43.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.