Ieq Capital LLC Boosts Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Ieq Capital LLC boosted its position in shares of Hippo Holdings Inc. (NYSE:HIPO) by 112.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 107,086 shares of the company’s stock after purchasing an additional 56,684 shares during the quarter. Ieq Capital LLC’s holdings in Hippo were worth $2,867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Hippo by 6.3% in the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock worth $7,467,000 after buying an additional 26,085 shares in the last quarter. State Street Corp raised its holdings in Hippo by 10.5% in the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock worth $6,373,000 after acquiring an additional 35,743 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Hippo by 9.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock valued at $2,553,000 after acquiring an additional 13,586 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Hippo by 205.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock valued at $2,467,000 after purchasing an additional 98,256 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Hippo by 37.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock worth $1,113,000 after purchasing an additional 17,978 shares in the last quarter. 43.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hippo news, CFO Stewart Ellis sold 12,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.91, for a total value of $310,920.00. Following the transaction, the chief financial officer now owns 328,215 shares of the company’s stock, valued at approximately $8,504,050.65. This represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Torben Ostergaard sold 2,092 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $26.46, for a total value of $55,354.32. Following the completion of the transaction, the chief executive officer now directly owns 104,332 shares in the company, valued at $2,760,624.72. The trade was a 1.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,133 shares of company stock worth $2,220,110. 11.37% of the stock is owned by insiders.

Hippo Stock Down 4.2 %

Shares of HIPO stock opened at $27.10 on Friday. The company has a 50 day moving average price of $27.59 and a 200-day moving average price of $23.89. Hippo Holdings Inc. has a 52 week low of $10.34 and a 52 week high of $34.24. The firm has a market capitalization of $660.03 million, a PE ratio of -5.20 and a beta of 1.52.

Analyst Ratings Changes

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

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.