Caz Investments LP Increases Stock Position in Hippo Holdings Inc. (NYSE:HIPO)

Caz Investments LP increased its position in shares of Hippo Holdings Inc. (NYSE:HIPO) by 100.0% during the 3rd quarter, Holdings Channel reports. The firm owned 5,600 shares of the company’s stock after purchasing an additional 2,800 shares during the quarter. Hippo makes up approximately 0.1% of Caz Investments LP’s holdings, making the stock its 18th largest holding. Caz Investments LP’s holdings in Hippo were worth $95,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HIPO. Charles Schwab Investment Management Inc. lifted its holdings in Hippo by 9.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock worth $2,553,000 after acquiring an additional 13,586 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hippo by 37.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock valued at $1,113,000 after purchasing an additional 17,978 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Hippo during the 3rd quarter worth $174,000. AQR Capital Management LLC bought a new stake in shares of Hippo during the 2nd quarter worth $194,000. Finally, Squarepoint Ops LLC bought a new position in Hippo during the second quarter valued at about $335,000. 43.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HIPO has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Monday, August 19th. Jefferies Financial Group lowered their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, JMP Securities increased their price objective on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd.

Hippo Price Performance

NYSE HIPO opened at $32.66 on Wednesday. The company’s 50 day moving average is $21.25 and its 200-day moving average is $18.96. Hippo Holdings Inc. has a 12-month low of $7.75 and a 12-month high of $34.24.

Insider Activity at Hippo

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of Hippo stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the completion of the transaction, the chairman now owns 548,064 shares of the company’s stock, valued at $8,873,156.16. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Mccathron sold 10,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $25.55, for a total transaction of $255,500.00. Following the completion of the sale, the chief executive officer now directly owns 366,146 shares in the company, valued at approximately $9,355,030.30. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,657 shares of company stock worth $990,571. Corporate insiders own 11.37% of the company’s stock.

Hippo 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.