51,199 Shares in Hippo Holdings Inc. (NYSE:HIPO) Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new position in Hippo Holdings Inc. (NYSE:HIPO - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,199 shares of the company's stock, valued at approximately $864,000. Jacobs Levy Equity Management Inc. owned about 0.21% of Hippo at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HIPO. Price T Rowe Associates Inc. MD increased its position in Hippo by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company's stock worth $427,000 after acquiring an additional 801 shares during the period. Caz Investments LP increased its position in Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company's stock worth $95,000 after acquiring an additional 2,800 shares during the period. American Century Companies Inc. increased its position in 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 period. SG Americas Securities LLC bought a new stake in Hippo in the 3rd quarter valued at $174,000. Finally, AQR Capital Management LLC bought a new stake in Hippo in the 2nd quarter valued at $194,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Hippo Price Performance

Shares of HIPO traded down $0.87 during trading hours on Tuesday, hitting $28.67. The stock had a trading volume of 139,148 shares, compared to its average volume of 160,578. The company's fifty day moving average is $24.28 and its two-hundred day moving average is $20.01. Hippo Holdings Inc. has a 52 week low of $7.75 and a 52 week high of $34.24. The stock has a market capitalization of $698.40 million, a price-to-earnings ratio of -5.50 and a beta of 1.47.

Insider Transactions at Hippo

In related news, CAO Anirudh Badia sold 2,552 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $24.49, for a total transaction of $62,498.48. Following the transaction, the chief accounting officer now owns 102,315 shares in the company, valued at $2,505,694.35. This represents a 2.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Mccathron sold 15,000 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $30.16, for a total transaction of $452,400.00. Following the transaction, the chief executive officer now owns 339,623 shares in the company, valued at approximately $10,243,029.68. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,657 shares of company stock valued at $990,571. 11.37% of the stock is owned by insiders.

Hippo 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.