Barclays PLC Boosts Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Barclays PLC increased its position in shares of Hippo Holdings Inc. (NYSE:HIPO) by 276.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 25,816 shares of the company’s stock after purchasing an additional 18,960 shares during the quarter. Barclays PLC’s holdings in Hippo were worth $435,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HIPO. Caz Investments LP raised its position in Hippo by 100.0% in the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after purchasing an additional 2,800 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Hippo during the 3rd quarter worth about $174,000. Public Employees Retirement System of Ohio purchased a new stake in Hippo in the 3rd quarter valued at about $174,000. AQR Capital Management LLC acquired a new position in Hippo in the second quarter valued at about $194,000. Finally, Squarepoint Ops LLC purchased a new position in Hippo during the second quarter worth about $335,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Hippo Price Performance

NYSE HIPO opened at $26.80 on Friday. The company has a market cap of $652.85 million, a P/E ratio of -5.14 and a beta of 1.47. The stock has a 50-day moving average of $27.44 and a two-hundred day moving average of $21.15. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24.

Insider Activity

In other Hippo news, CAO Anirudh Badia sold 2,552 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $24.49, for a total transaction of $62,498.48. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Assaf Wand sold 12,250 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.02, for a total value of $318,745.00. Following the completion of the sale, the chairman now directly owns 511,314 shares in the company, valued at $13,304,390.28. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 67,771 shares of company stock valued at $1,818,963. 11.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HIPO shares. Jefferies Financial Group reduced their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. JMP Securities upped their price target on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 22nd.

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.