Assaf Wand Sells 12,250 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) Chairman Assaf Wand sold 12,250 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $26.76, for a total transaction of $327,810.00. Following the sale, the chairman now directly owns 499,064 shares of the company's stock, valued at $13,354,952.64. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Assaf Wand also recently made the following trade(s):

• On Thursday, January 2nd, Assaf Wand sold 12,250 shares of Hippo stock. The stock was sold at an average price of $26.02, for a total value of $318,745.00.

Hippo Trading Down 0.5 %

Shares of NYSE:HIPO traded down $0.15 on Friday, hitting $31.07. 178,520 shares of the company were exchanged, compared to its average volume of 148,745. The firm has a market capitalization of $756.91 million, a P/E ratio of -5.96 and a beta of 1.52. Hippo Holdings Inc. has a 1-year low of $8.78 and a 1-year high of $34.24. The stock's 50 day moving average price is $27.57 and its 200 day moving average price is $23.06.

Institutional Trading of Hippo

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Hippo by 6.3% during the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company's stock worth $7,467,000 after purchasing an additional 26,085 shares during the period. State Street Corp lifted its stake in 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 acquiring an additional 35,743 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Hippo by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company's stock valued at $4,087,000 after acquiring an additional 1,424 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hippo by 205.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company's stock valued at $2,467,000 after acquiring an additional 98,256 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in shares of Hippo by 112.5% in the fourth 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 during the period. Hedge funds and other institutional investors own 43.01% of the company's stock.

Analyst Ratings Changes

Separately, JMP Securities raised their price target on Hippo from $25.00 to $35.00 and gave the stock a "market outperform" rating in a 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.