Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) Chairman Sells 12,250 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.02, for a total transaction of $318,745.00. Following the completion of the sale, the chairman now directly owns 511,314 shares of the company's stock, valued at approximately $13,304,390.28. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hippo Stock Performance

Shares of NYSE HIPO traded up $1.16 during midday trading on Friday, reaching $26.80. 97,283 shares of the company traded hands, compared to its average volume of 112,841. The stock's 50-day simple moving average is $27.44 and its 200-day simple moving average is $21.15. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24. The firm has a market cap of $652.85 million, a PE ratio of -5.14 and a beta of 1.47.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JMP Securities raised 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. Jefferies Financial Group dropped their price objective on Hippo from $29.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th.

Institutional Investors Weigh In On Hippo

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caz Investments LP increased its position in Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company's stock valued at $95,000 after acquiring an additional 2,800 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo in the third quarter valued at approximately $174,000. SG Americas Securities LLC acquired a new stake in shares of Hippo in the third quarter valued at approximately $174,000. AQR Capital Management LLC bought a new position in Hippo in the 2nd quarter worth approximately $194,000. Finally, Squarepoint Ops LLC acquired a new position in Hippo during the 2nd quarter worth $335,000. 43.01% of the stock is owned by institutional investors and hedge funds.

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.