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 business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $25.91, for a total value of $78,300.02. Following the completion of the transaction, the chief executive officer now directly owns 101,310 shares in the company, valued at approximately $2,624,942.10. This represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 Trading Down 3.7 %

Shares of NYSE:HIPO opened at $27.36 on Friday. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24. The stock has a market capitalization of $666.49 million, a P/E ratio of -5.25 and a beta of 1.47. The business has a 50-day moving average price of $26.67 and a two-hundred day moving average price of $20.79.

Institutional Investors Weigh In On Hippo

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caz Investments LP grew its holdings in Hippo by 100.0% during the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after acquiring an additional 2,800 shares during the period. SG Americas Securities LLC bought a new position in shares of Hippo in the 3rd quarter worth $174,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo during the third quarter worth $174,000. AQR Capital Management LLC bought a new stake in Hippo in the second quarter valued at about $194,000. Finally, Squarepoint Ops LLC acquired a new position in Hippo in the second quarter valued at about $335,000. 43.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HIPO. Jefferies Financial Group lowered their price objective on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. JMP Securities boosted their price objective on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report 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.