Clal Insurance Enterprises Holdings Ltd Sells 110,008 Shares of Hippo Holdings Inc. (NYSE:HIPO)

Clal Insurance Enterprises Holdings Ltd reduced its position in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 553,152 shares of the company's stock after selling 110,008 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 2.27% of Hippo worth $14,808,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Caz Investments LP increased its stake 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 purchasing an additional 2,800 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Hippo during the third quarter valued at about $174,000. SG Americas Securities LLC increased its position in shares of Hippo by 33.2% during the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company's stock worth $367,000 after acquiring an additional 3,412 shares in the last quarter. Barclays PLC raised its holdings in shares of Hippo by 276.5% in the 3rd quarter. Barclays PLC now owns 25,816 shares of the company's stock worth $435,000 after acquiring an additional 18,960 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Hippo in the 3rd quarter valued at about $864,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Hippo Stock Performance

HIPO traded up $0.24 during mid-day trading on Wednesday, reaching $29.45. 181,999 shares of the stock were exchanged, compared to its average volume of 150,170. Hippo Holdings Inc. has a 1 year low of $14.22 and a 1 year high of $34.24. The stock has a market capitalization of $717.35 million, a PE ratio of -5.65 and a beta of 1.52. The company has a 50 day moving average price of $27.85 and a two-hundred day moving average price of $24.42.

Insider Activity at Hippo

In related news, insider Michael Stienstra sold 2,329 shares of Hippo stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total transaction of $69,916.58. Following the sale, the insider now directly 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Torben Ostergaard sold 21,146 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $30.05, for a total value of $635,437.30. Following the completion of the transaction, the chief executive officer now owns 74,120 shares of the company's stock, valued at $2,227,306. This trade represents a 22.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,133 shares of company stock valued at $2,220,110 over the last ninety days. Corporate insiders own 11.37% 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.