Stewart Ellis Sells 12,000 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 12,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.91, for a total value of $310,920.00. Following the sale, the chief financial officer now owns 328,215 shares in the company, valued at $8,504,050.65. The trade was a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hippo Stock Up 4.1 %

HIPO stock opened at $26.29 on Friday. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $34.24. The company has a market cap of $640.42 million, a P/E ratio of -5.05 and a beta of 1.47. The business has a fifty day moving average of $25.85 and a 200-day moving average of $20.47.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JMP Securities upped their price target 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 reduced their target price on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th.

Institutional Trading of Hippo

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIPO. Jacobs Levy Equity Management Inc. bought a new position in shares of Hippo in the 3rd quarter valued at about $864,000. Dimensional Fund Advisors LP acquired a new position in Hippo in the second quarter valued at approximately $629,000. State Street Corp boosted its stake in Hippo by 10.5% in the third quarter. State Street Corp now owns 377,537 shares of the company’s stock valued at $6,373,000 after acquiring an additional 35,743 shares during the last quarter. Bank of New York Mellon Corp grew its holdings 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 worth $1,050,000 after acquiring an additional 30,418 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Hippo by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock valued at $7,467,000 after acquiring an additional 26,085 shares during the last quarter. 43.01% of the stock is owned by institutional investors.

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.