Stewart Ellis Sells 10,000 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CFO Stewart Ellis sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.34, for a total transaction of $263,400.00. Following the transaction, the chief financial officer now owns 318,215 shares in the company, valued at approximately $8,381,783.10. This trade represents a 3.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Stewart Ellis also recently made the following trade(s):

• On Wednesday, December 18th, Stewart Ellis sold 12,000 shares of Hippo stock. The stock was sold at an average price of $25.91, for a total transaction of $310,920.00.

Hippo Stock Performance

Shares of HIPO traded up $1.16 during mid-day trading on Friday, reaching $26.80. The stock had a trading volume of 97,283 shares, compared to its average volume of 112,841. The business has a fifty day moving average of $27.44 and a 200 day moving average of $21.15. The firm has a market cap of $652.85 million, a price-to-earnings ratio of -5.14 and a beta of 1.47. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24.

Analyst Upgrades and Downgrades

HIPO has been the subject of several analyst reports. Jefferies Financial Group reduced their price objective on Hippo from $29.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. JMP Securities upped their price target on Hippo from $25.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 22nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Caz Investments LP boosted its stake in Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company's stock worth $95,000 after purchasing an additional 2,800 shares during the period. American Century Companies Inc. boosted its position in shares of Hippo by 28.2% during the second quarter. American Century Companies Inc. now owns 25,453 shares of the company's stock worth $438,000 after acquiring an additional 5,592 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Hippo during the third quarter worth $174,000. Public Employees Retirement System of Ohio purchased a new position in Hippo during the third quarter valued at $174,000. Finally, AQR Capital Management LLC bought a new stake in Hippo in the 2nd quarter valued at $194,000. 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.