Hippo Holdings Inc. (NYSE:HIPO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its position in shares of Hippo Holdings Inc. (NYSE:HIPO - Free Report) by 66.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,255 shares of the company's stock after selling 42,164 shares during the quarter. Jane Street Group LLC owned 0.09% of Hippo worth $359,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Hippo by 10.5% in the third quarter. State Street Corp now owns 377,537 shares of the company's stock valued at $6,373,000 after acquiring an additional 35,743 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Hippo by 9.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company's stock valued at $2,553,000 after purchasing an additional 13,586 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Hippo by 37.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company's stock worth $1,113,000 after purchasing an additional 17,978 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Hippo by 99.2% in the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company's stock valued at $1,050,000 after buying an additional 30,418 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Hippo during the third quarter valued at approximately $864,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Hippo Price Performance

HIPO traded down $0.13 on Thursday, reaching $26.08. The company's stock had a trading volume of 150,157 shares, compared to its average volume of 134,091. Hippo Holdings Inc. has a 1 year low of $7.75 and a 1 year high of $34.24. The business's 50 day moving average is $27.96 and its 200 day moving average is $21.45. The stock has a market cap of $635.31 million, a price-to-earnings ratio of -5.01 and a beta of 1.51.

Insider Buying and Selling at Hippo

In related news, CEO Torben Ostergaard sold 2,092 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $26.46, for a total transaction of $55,354.32. Following the sale, the chief executive officer now directly owns 104,332 shares of the company's stock, valued at approximately $2,760,624.72. This represents a 1.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anirudh Badia sold 2,552 shares of Hippo stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $24.49, for a total transaction of $62,498.48. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 67,771 shares of company stock valued at $1,818,963 in the last three months. Corporate insiders own 11.37% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. JMP Securities lifted their target price on shares of Hippo from $25.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Friday, November 22nd. Jefferies Financial Group dropped their target price on Hippo from $29.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th.

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.