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

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 value of $77,876.94. Following the completion of the sale, the chief executive officer now directly owns 98,288 shares in the company, valued at $2,532,881.76. This trade represents a 2.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The shares were 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 stock was sold at an average price of $26.46, for a total transaction of $55,354.32.

Hippo Trading Down 6.4 %

NYSE:HIPO traded down $1.67 during mid-day trading on Friday, hitting $24.49. The company’s stock had a trading volume of 197,776 shares, compared to its average volume of 138,913. The stock has a fifty day moving average of $27.96 and a 200-day moving average of $21.45. The company has a market capitalization of $596.58 million, a price-to-earnings ratio of -4.70 and a beta of 1.51. Hippo Holdings Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.24.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently modified their holdings of the stock. Caz Investments LP grew its position in Hippo by 100.0% in the third 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 during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo in the 3rd quarter valued at $174,000. SG Americas Securities LLC bought a new stake in shares of Hippo in the 3rd quarter worth about $174,000. AQR Capital Management LLC acquired a new stake in shares of Hippo during the 2nd quarter worth about $194,000. Finally, Squarepoint Ops LLC bought a new position in Hippo during the 2nd quarter valued at about $335,000. 43.01% of the stock is owned by institutional investors and hedge funds.

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.