Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CFO Sells 10,000 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 10,000 shares of Hippo stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.34, for a total value of $263,400.00. Following the transaction, the chief financial officer now directly owns 318,215 shares in the company, valued at approximately $8,381,783.10. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Stewart Ellis also recently made the following trade(s):

• On Wednesday, December 18th, Stewart Ellis sold 12,000 shares of Hippo stock. The shares were sold at an average price of $25.91, for a total value of $310,920.00.

Hippo Price Performance

NYSE:HIPO traded up $1.16 during mid-day trading on Friday, reaching $26.80. The stock had a trading volume of 97,283 shares, compared to its average volume of 112,841. The stock has a market cap of $652.85 million, a P/E ratio of -5.14 and a beta of 1.47. The business’s 50 day moving average is $27.27 and its 200 day moving average is $21.07. Hippo Holdings Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.24.

Institutional Trading of Hippo

A number of institutional investors and hedge funds have recently modified their holdings of the company. 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. State Street Corp grew its position in Hippo by 10.5% in the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock worth $6,373,000 after purchasing an additional 35,743 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hippo by 9.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock valued at $2,553,000 after buying an additional 13,586 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Hippo by 205.0% during the third quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock valued at $2,467,000 after buying an additional 98,256 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Hippo by 37.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock valued at $1,113,000 after buying an additional 17,978 shares during the period. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.