Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $82,349.50 in Stock

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Torben Ostergaard sold 3,022 shares of the business's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $27.25, for a total value of $82,349.50. Following the completion of the transaction, the chief executive officer now directly owns 95,266 shares of the company's stock, valued at approximately $2,595,998.50. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value of $55,354.32.

Hippo Trading Up 10.3 %

NYSE:HIPO traded up $2.81 on Tuesday, reaching $30.09. The stock had a trading volume of 313,755 shares, compared to its average volume of 144,570. Hippo Holdings Inc. has a 12-month low of $8.68 and a 12-month high of $34.24. The stock has a market cap of $732.99 million, a P/E ratio of -5.78 and a beta of 1.52. The company has a 50-day moving average of $27.68 and a 200 day moving average of $22.80.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HIPO. Jefferies Financial Group lowered their price objective on 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 upped their price objective 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 Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares 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 in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hippo in the third quarter worth about $174,000. SG Americas Securities LLC bought a new stake in Hippo in the third quarter valued at about $174,000. AQR Capital Management LLC acquired a new stake in Hippo during the second quarter valued at approximately $194,000. Finally, Squarepoint Ops LLC bought a new position in Hippo during the 2nd quarter worth approximately $335,000. 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.