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

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $25.77, for a total value of $77,876.94. Following the completion of the sale, the chief executive officer now owns 98,288 shares of the company’s stock, valued at approximately $2,532,881.76. This trade represents a 2.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $25.91, for a total transaction of $78,300.02.
• On Tuesday, December 17th, Torben Ostergaard sold 2,092 shares of Hippo stock. The shares were sold at an average price of $26.46, for a total value of $55,354.32.

Hippo Price Performance

Shares of Hippo stock traded down $1.67 during trading on Friday, hitting $24.49. 197,776 shares of the company were exchanged, compared to its average volume of 138,913. The firm has a market capitalization of $596.58 million, a P/E ratio of -4.70 and a beta of 1.51. The firm’s fifty day moving average price is $27.96 and its 200 day moving average price is $21.45. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. 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 note on Wednesday, October 9th. 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.

Institutional Investors Weigh In On Hippo

Several large investors have recently bought and sold shares of the company. Caz Investments LP increased its stake in 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 purchasing an additional 2,800 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Hippo by 28.2% in the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after buying an additional 5,592 shares during the period. SG Americas Securities LLC bought a new stake in shares of Hippo during the third quarter worth $174,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo during the third quarter worth $174,000. Finally, AQR Capital Management LLC bought a new stake in Hippo in the 2nd quarter valued at $194,000. Institutional investors own 43.01% of the company’s stock.

Hippo Company 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.