Hippo Holdings Inc. (NYSE:HIPO) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 276.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,816 shares of the company's stock after buying an additional 18,960 shares during the period. Barclays PLC owned about 0.10% of Hippo worth $435,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HIPO. Dimensional Fund Advisors LP purchased a new stake in shares of Hippo during the second quarter worth approximately $629,000. Bank of New York Mellon Corp increased its position in shares of Hippo by 99.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company's stock valued at $1,050,000 after purchasing an additional 30,418 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hippo by 37.5% in 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 purchasing an additional 17,978 shares during the last quarter. State Street Corp lifted 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 worth $6,373,000 after purchasing an additional 35,743 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Hippo during the third quarter worth $174,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Anirudh Badia sold 2,552 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $24.49, for a total value of $62,498.48. Following the completion of the sale, the chief accounting officer now directly owns 102,315 shares of the company's stock, valued at approximately $2,505,694.35. This represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the chairman now directly owns 511,314 shares in the company, valued at $13,304,390.28. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,771 shares of company stock valued at $1,818,963. 11.37% of the stock is currently owned by insiders.

Hippo Trading Up 4.5 %

NYSE:HIPO traded up $1.16 during midday trading on Friday, hitting $26.80. 97,283 shares of the company were exchanged, compared to its average volume of 112,841. Hippo Holdings Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.24. The company has a market capitalization of $652.85 million, a PE ratio of -5.14 and a beta of 1.47. The company has a fifty day simple moving average of $27.44 and a 200 day simple moving average of $21.19.

Analyst Ratings Changes

A number of research firms have weighed in on HIPO. Jefferies Financial Group cut their price target on Hippo from $29.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. JMP Securities raised their target price on Hippo from $25.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 22nd.

Hippo Company Profile

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.