Hippo Holdings Inc. (NYSE:HIPO) Stake Lifted by Barclays PLC

Barclays PLC boosted its position in Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 276.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,816 shares of the company's stock after acquiring an additional 18,960 shares during the quarter. Barclays PLC owned 0.11% of Hippo worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HIPO. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Hippo during the 3rd quarter worth about $864,000. Dimensional Fund Advisors LP purchased a new stake in Hippo during the second quarter worth approximately $629,000. State Street Corp increased its position in shares of Hippo by 10.5% in the third quarter. State Street Corp now owns 377,537 shares of the company's stock worth $6,373,000 after acquiring an additional 35,743 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hippo by 99.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company's stock valued at $1,050,000 after acquiring an additional 30,418 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Hippo by 6.3% during the 3rd 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 in the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Anirudh Badia sold 2,552 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $24.49, for a total transaction of $62,498.48. Following the sale, the chief accounting officer now directly owns 102,315 shares of the company's stock, valued at approximately $2,505,694.35. This represents a 2.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Torben Ostergaard sold 3,022 shares of the business's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $25.77, for a total transaction of $77,876.94. Following the sale, the chief executive officer now owns 98,288 shares of the company's stock, valued at approximately $2,532,881.76. The trade was a 2.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,793 shares of company stock worth $1,896,840. 11.37% of the stock is currently owned by corporate insiders.

Hippo Stock Performance

HIPO stock traded down $0.44 during trading on Friday, reaching $27.34. The stock had a trading volume of 84,818 shares, compared to its average volume of 157,195. The firm has a fifty day moving average price of $28.25 and a 200 day moving average price of $21.89. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24.

Analyst Ratings Changes

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

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.