Stewart Ellis Sells 10,000 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 10,000 shares of Hippo stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.34, for a total value of $263,400.00. Following the sale, the chief financial officer now owns 318,215 shares of the company’s stock, valued at approximately $8,381,783.10. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 transaction of $310,920.00.

Hippo Stock Performance

HIPO stock opened at $26.80 on Friday. Hippo Holdings Inc. has a one year low of $7.75 and a one year high of $34.24. The company has a market capitalization of $652.85 million, a PE ratio of -5.14 and a beta of 1.47. The company’s 50 day moving average price is $27.44 and its two-hundred day moving average price is $21.19.

Institutional Trading of Hippo

Several hedge funds have recently added to or reduced their stakes in the business. Caz Investments LP increased its holdings in shares of Hippo by 100.0% in the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after buying an additional 2,800 shares during the period. American Century Companies Inc. lifted its position in Hippo by 28.2% in the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after purchasing an additional 5,592 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Hippo during the third quarter valued at approximately $174,000. Public Employees Retirement System of Ohio bought a new position in shares of Hippo in the third quarter worth approximately $174,000. Finally, AQR Capital Management LLC purchased a new position in shares of Hippo in the second quarter worth $194,000. 43.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group decreased their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JMP Securities raised their price target on Hippo from $25.00 to $35.00 and gave the company 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.