Jane Street Group LLC Lowers Stock Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Jane Street Group LLC lowered its stake in shares of Hippo Holdings Inc. (NYSE:HIPO) by 66.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,255 shares of the company’s stock after selling 42,164 shares during the quarter. Jane Street Group LLC’s holdings in Hippo were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HIPO. Caz Investments LP boosted its holdings in Hippo by 100.0% in the 3rd 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Hippo in the 3rd quarter valued at approximately $174,000. AQR Capital Management LLC purchased a new stake in Hippo in the 2nd quarter valued at approximately $194,000. Squarepoint Ops LLC purchased a new stake in Hippo in the 2nd quarter valued at approximately $335,000. Finally, American Century Companies Inc. boosted its holdings in Hippo by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after purchasing an additional 5,592 shares in the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Insider Buying and Selling

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $13,304,390.28. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anirudh Badia sold 2,552 shares of Hippo stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 102,315 shares of the company’s stock, valued at $2,505,694.35. The trade was a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,771 shares of company stock worth $1,818,963 in the last ninety days. Insiders own 11.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lowered their price objective 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 lifted their price target on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd.

Hippo Trading Down 0.5 %

HIPO stock opened at $26.08 on Thursday. Hippo Holdings Inc. has a 12-month low of $7.75 and a 12-month high of $34.24. The company has a market cap of $635.31 million, a price-to-earnings ratio of -5.01 and a beta of 1.51. The firm has a 50 day moving average of $27.88 and a 200-day moving average of $21.42.

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.