Assaf Wand Sells 12,250 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $28.90, for a total value of $354,025.00. Following the transaction, the chairman now directly owns 486,814 shares of the company’s stock, valued at approximately $14,068,924.60. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Assaf Wand also recently made the following trade(s):

• On Monday, February 3rd, Assaf Wand sold 12,250 shares of Hippo stock. The stock was sold at an average price of $26.76, for a total value of $327,810.00.
• On Thursday, January 2nd, Assaf Wand sold 12,250 shares of Hippo stock. The stock was sold at an average price of $26.02, for a total transaction of $318,745.00.

Hippo Trading Up 0.8 %

Shares of HIPO opened at $29.45 on Thursday. The company has a market cap of $717.35 million, a price-to-earnings ratio of -5.65 and a beta of 1.52. The business’s fifty day simple moving average is $27.90 and its two-hundred day simple moving average is $24.45. Hippo Holdings Inc. has a 12 month low of $14.22 and a 12 month high of $34.24.

Institutional Investors Weigh In On Hippo

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Hippo by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 1,020,249 shares of the company’s stock worth $27,312,000 after buying an additional 96,959 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Hippo by 6.3% during the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock valued at $7,467,000 after purchasing an additional 26,085 shares during the last quarter. State Street Corp lifted its position in Hippo by 10.5% during the third 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. Renaissance Technologies LLC lifted its position in Hippo by 90.8% during the fourth quarter. Renaissance Technologies LLC now owns 268,320 shares of the company’s stock valued at $7,183,000 after purchasing an additional 127,716 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Hippo by 96.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 228,137 shares of the company’s stock worth $6,107,000 after purchasing an additional 112,108 shares during the last quarter. 43.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JMP Securities lifted their target price on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 22nd.

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.