Connor Clark & Lunn Investment Management Ltd. Raises Stock Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,924 shares of the company's stock after purchasing an additional 17,978 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.26% of Hippo worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of HIPO. SG Americas Securities LLC bought a new stake in shares of Hippo during the 3rd quarter valued at about $174,000. AQR Capital Management LLC bought a new position in shares of Hippo during the 2nd quarter valued at about $194,000. Squarepoint Ops LLC purchased a new position in shares of Hippo during the 2nd quarter valued at about $335,000. Dimensional Fund Advisors LP bought a new stake in Hippo in the 2nd quarter worth approximately $629,000. Finally, American Century Companies Inc. boosted its stake in Hippo by 28.2% in the second quarter. American Century Companies Inc. now owns 25,453 shares of the company's stock worth $438,000 after buying an additional 5,592 shares in the last quarter. 43.01% of the stock is owned by institutional investors.

Insider Activity at Hippo

In other news, CAO Anirudh Badia sold 2,552 shares of the stock in a transaction 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 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 SEC, which is accessible through this link. Also, CEO Richard Mccathron sold 10,000 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $25.55, for a total value of $255,500.00. Following the transaction, the chief executive officer now owns 366,146 shares of the company's stock, valued at $9,355,030.30. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,657 shares of company stock worth $990,571 over the last ninety days. 11.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Hippo from $29.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods raised their price target on Hippo from $20.00 to $21.00 and gave the stock a "market perform" rating in a research note on Monday, August 19th. Finally, JMP Securities boosted their price objective on shares of Hippo from $25.00 to $35.00 and gave the company a "market outperform" rating in a research report on Friday, November 22nd.

Hippo Trading Up 1.0 %

Shares of HIPO stock traded up $0.32 during midday trading on Thursday, reaching $32.91. 132,288 shares of the stock were exchanged, compared to its average volume of 160,691. Hippo Holdings Inc. has a 1 year low of $7.75 and a 1 year high of $34.24. The firm has a market cap of $801.69 million, a PE ratio of -6.32 and a beta of 1.26. The company's 50 day moving average is $21.86 and its two-hundred day moving average is $19.16.

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.