Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard Sells 3,022 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $25.91, for a total transaction of $78,300.02. Following the completion of the transaction, the chief executive officer now owns 101,310 shares of the company’s stock, valued at $2,624,942.10. This represents a 2.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Torben Ostergaard also recently made the following trade(s):

• On Tuesday, December 17th, Torben Ostergaard sold 2,092 shares of Hippo stock. The stock was sold at an average price of $26.46, for a total transaction of $55,354.32.

Hippo Price Performance

Shares of HIPO opened at $28.41 on Friday. The firm’s 50 day moving average is $26.51 and its 200-day moving average is $20.72. Hippo Holdings Inc. has a 12-month low of $7.75 and a 12-month high of $34.24. The stock has a market capitalization of $692.07 million, a P/E ratio of -5.45 and a beta of 1.47.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group dropped their target price on Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JMP Securities boosted their price objective on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Caz Investments LP boosted its stake in shares of Hippo by 100.0% during the 3rd 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. Public Employees Retirement System of Ohio purchased a new position in Hippo in the 3rd quarter worth about $174,000. SG Americas Securities LLC acquired a new stake in Hippo during the 3rd quarter worth about $174,000. AQR Capital Management LLC purchased a new stake in Hippo during the second quarter valued at about $194,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Hippo in the second quarter worth about $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.