Torben Ostergaard Sells 21,146 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 21,146 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $30.05, for a total transaction of $635,437.30. Following the sale, the chief executive officer now owns 74,120 shares in the company, valued at approximately $2,227,306. This trade represents a 22.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, January 29th, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $27.25, for a total transaction of $82,349.50.
• On Wednesday, January 8th, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $25.77, for a total transaction of $77,876.94.
• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was 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 shares were sold at an average price of $26.46, for a total transaction of $55,354.32.

Hippo Stock Down 0.4 %

HIPO traded down $0.14 during midday trading on Monday, hitting $31.03. 75,502 shares of the company traded hands, compared to its average volume of 149,868. The firm has a market capitalization of $755.89 million, a PE ratio of -5.95 and a beta of 1.52. The company's 50-day moving average is $27.57 and its 200 day moving average is $23.06. Hippo Holdings Inc. has a 52 week low of $9.79 and a 52 week high of $34.24.

Analyst Upgrades and Downgrades

Separately, JMP Securities upped their target price on shares of Hippo from $25.00 to $35.00 and gave the company a "market outperform" rating in a research note on Friday, November 22nd.

Institutional Investors Weigh In On Hippo

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position 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 purchasing an additional 26,085 shares during the last quarter. State Street Corp increased its position in shares of Hippo by 10.5% during the 3rd quarter. State Street Corp now owns 377,537 shares of the company's stock valued at $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 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company's stock valued at $4,087,000 after purchasing an additional 1,424 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Hippo by 205.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company's stock worth $2,467,000 after acquiring an additional 98,256 shares in the last quarter. Finally, Ieq Capital LLC increased its holdings in Hippo by 112.5% in the 4th quarter. Ieq Capital LLC now owns 107,086 shares of the company's stock worth $2,867,000 after acquiring an additional 56,684 shares in the last quarter. Hedge funds and other institutional investors own 43.01% of the company's stock.

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.