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 dated Monday, December 23rd. The shares were sold at an average price of $25.91, for a total transaction of $78,300.02. Following the completion of the sale, the chief executive officer now owns 101,310 shares of the company’s stock, valued at approximately $2,624,942.10. The trade was a 2.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, December 17th, Torben Ostergaard sold 2,092 shares of Hippo stock. The stock was sold at an average price of $26.46, for a total value of $55,354.32.

Hippo Price Performance

Shares of HIPO stock traded up $1.47 during midday trading on Thursday, reaching $28.41. 264,417 shares of the company traded hands, compared to its average volume of 160,846. The firm’s 50 day simple moving average is $26.33 and its two-hundred day simple moving average is $20.67. The firm has a market cap of $692.07 million, a PE ratio of -5.45 and a beta of 1.47. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24.

Hedge Funds Weigh In On Hippo

Several hedge funds and other institutional investors have recently bought and sold shares of HIPO. Caz Investments LP grew its holdings in Hippo by 100.0% in the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after purchasing an additional 2,800 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Hippo by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after buying an additional 5,592 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Hippo in the 3rd quarter valued at about $174,000. Public Employees Retirement System of Ohio purchased a new position in Hippo during the 3rd quarter valued at about $174,000. Finally, AQR Capital Management LLC acquired a new position in Hippo during the second quarter worth about $194,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on HIPO shares. JMP Securities lifted their price target on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Jefferies Financial Group decreased 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.

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.