Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CFO Sells 10,000 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 10,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.34, for a total transaction of $263,400.00. Following the completion of the transaction, the chief financial officer now directly owns 318,215 shares of the company’s stock, valued at $8,381,783.10. This trade represents a 3.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

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

Hippo Trading Up 4.5 %

Shares of NYSE:HIPO traded up $1.16 during midday trading on Friday, hitting $26.80. The company had a trading volume of 97,283 shares, compared to its average volume of 112,841. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24. The firm has a fifty day simple moving average of $27.27 and a 200 day simple moving average of $21.07. The stock has a market cap of $652.85 million, a price-to-earnings ratio of -5.14 and a beta of 1.47.

Wall Street Analyst Weigh In

HIPO has been the subject of a number of research analyst reports. Jefferies Financial Group cut their target price 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. JMP Securities raised their price target on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HIPO. Caz Investments LP lifted its holdings 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 in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hippo during the third quarter worth about $174,000. Public Employees Retirement System of Ohio bought a new position in shares of Hippo during the 3rd quarter valued at about $174,000. AQR Capital Management LLC acquired a new position in shares of Hippo in the 2nd quarter valued at approximately $194,000. Finally, Squarepoint Ops LLC bought a new stake in Hippo during the 2nd quarter worth approximately $335,000. Institutional investors and hedge funds 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.