Stewart Ellis Sells 12,000 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 12,000 shares of Hippo stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.91, for a total value of $310,920.00. Following the sale, the chief financial officer now directly owns 328,215 shares in the company, valued at approximately $8,504,050.65. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hippo Stock Up 4.1 %

NYSE:HIPO opened at $26.29 on Friday. The firm has a 50-day moving average price of $25.85 and a 200 day moving average price of $20.47. The firm has a market capitalization of $640.42 million, a PE ratio of -5.05 and a beta of 1.47. Hippo Holdings Inc. has a 12-month low of $7.75 and a 12-month high of $34.24.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Jefferies Financial Group decreased 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. JMP Securities lifted their price target on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 22nd.

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently modified their holdings of HIPO. Geode Capital Management LLC grew its position in Hippo by 6.3% in the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock valued at $7,467,000 after acquiring an additional 26,085 shares during the period. State Street Corp grew its holdings in shares of 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. increased its position in shares of Hippo by 9.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock worth $2,553,000 after purchasing an additional 13,586 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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. Finally, Bank of New York Mellon Corp boosted its position in 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 buying an additional 30,418 shares in the last quarter. 43.01% of the stock is owned by institutional investors and hedge funds.

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.