Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $82,349.50 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $27.25, for a total value of $82,349.50. Following the completion of the sale, the chief executive officer now directly owns 95,266 shares of the company’s stock, valued at approximately $2,595,998.50. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, January 8th, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $25.77, for a total value of $77,876.94.
• 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 value 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 value of $55,354.32.

Hippo Price Performance

Shares of Hippo stock traded up $0.33 during trading on Friday, hitting $28.01. The company’s stock had a trading volume of 147,668 shares, compared to its average volume of 136,648. Hippo Holdings Inc. has a 52 week low of $8.68 and a 52 week high of $34.24. The stock has a market cap of $682.32 million, a price-to-earnings ratio of -5.38 and a beta of 1.51. The stock has a 50-day moving average price of $27.97 and a two-hundred day moving average price of $22.56.

Analysts Set New Price Targets

Several research analysts have recently commented on HIPO shares. JMP Securities boosted 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 lowered their target price on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

Institutional Investors Weigh In On Hippo

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in Hippo by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after buying an additional 5,592 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Hippo in the second quarter valued at about $629,000. Squarepoint Ops LLC bought a new stake in shares of Hippo during the 2nd quarter valued at about $335,000. AQR Capital Management LLC bought a new stake in shares of Hippo during the 2nd quarter valued at about $194,000. Finally, SG Americas Securities LLC bought a new stake in Hippo during the third quarter worth about $174,000. 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.