10,336 Shares in Hippo Holdings Inc. (NYSE:HIPO) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo Holdings Inc. (NYSE:HIPO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,336 shares of the company’s stock, valued at approximately $174,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HIPO. Jacobs Levy Equity Management Inc. acquired a new position in Hippo during the 3rd quarter worth approximately $864,000. Dimensional Fund Advisors LP bought a new position in shares of Hippo in the 2nd quarter worth $629,000. State Street Corp grew its position in Hippo by 10.5% in the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock valued at $6,373,000 after purchasing an additional 35,743 shares during the period. Bank of New York Mellon Corp increased its stake in Hippo by 99.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock valued at $1,050,000 after purchasing an additional 30,418 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Hippo in the second quarter valued at $335,000. Institutional investors own 43.01% of the company’s stock.

Hippo Stock Performance

Hippo stock opened at $26.29 on Friday. The stock has a market cap of $640.42 million, a PE ratio of -5.05 and a beta of 1.47. Hippo Holdings Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.24. The firm’s 50-day simple moving average is $25.85 and its 200 day simple moving average is $20.47.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JMP Securities boosted their target price on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group lowered 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.

Insider Transactions at Hippo

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $16.19, for a total value of $198,327.50. Following the transaction, the chairman now directly owns 548,064 shares in the company, valued at $8,873,156.16. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Mccathron sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $30.16, for a total transaction of $452,400.00. Following the sale, the chief executive officer now owns 339,623 shares of the company’s stock, valued at approximately $10,243,029.68. The trade was a 4.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,749 shares of company stock worth $1,356,846 in the last 90 days. Insiders own 11.37% of the company’s stock.

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.