Hippo Holdings Inc. (NYSE:HIPO) Insider Michael Stienstra Sells 2,329 Shares

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) insider Michael Stienstra sold 2,329 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $30.02, for a total value of $69,916.58. Following the transaction, the insider now owns 59,648 shares in the company, valued at approximately $1,790,632.96. This trade represents a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hippo Stock Down 4.2 %

HIPO traded down $1.20 during trading hours on Friday, hitting $27.10. The stock had a trading volume of 202,409 shares, compared to its average volume of 152,058. The company's fifty day simple moving average is $27.59 and its 200 day simple moving average is $23.83. Hippo Holdings Inc. has a 1 year low of $10.34 and a 1 year high of $34.24. The stock has a market cap of $660.03 million, a PE ratio of -5.20 and a beta of 1.52.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Hippo

Several large investors have recently added to or reduced their stakes in HIPO. SG Americas Securities LLC purchased a new stake in Hippo in the 3rd quarter worth about $174,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Hippo by 37.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company's stock valued at $1,113,000 after buying an additional 17,978 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hippo by 9.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company's stock valued at $2,553,000 after buying an additional 13,586 shares in the last quarter. 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 valued at $95,000 after buying an additional 2,800 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Hippo during the 3rd quarter valued at about $864,000. 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.