Assaf Wand Sells 12,250 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) Chairman Assaf Wand sold 12,250 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $26.76, for a total value of $327,810.00. Following the completion of the sale, the chairman now directly owns 499,064 shares in the company, valued at $13,354,952.64. This represents a 2.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Assaf Wand also recently made the following trade(s):

• On Thursday, January 2nd, Assaf Wand sold 12,250 shares of Hippo stock. The shares were sold at an average price of $26.02, for a total value of $318,745.00.

Hippo Stock Up 2.0 %

Hippo stock traded up $0.62 during trading hours on Wednesday, hitting $30.82. The stock had a trading volume of 189,543 shares, compared to its average volume of 146,523. The company has a 50-day moving average of $27.68 and a two-hundred day moving average of $22.80. The company has a market cap of $750.73 million, a PE ratio of -5.92 and a beta of 1.52. Hippo Holdings Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $34.24.

Institutional Investors Weigh In On Hippo

Institutional investors and hedge funds have recently made changes to their positions in the company. Caz Investments LP increased its holdings in shares of 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 in the last quarter. Bank of New York Mellon Corp lifted its position in Hippo by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 48,311 shares of the company’s stock valued at $1,293,000 after acquiring an additional 2,910 shares in the last quarter. SG Americas Securities LLC grew its position in Hippo by 33.2% in the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock valued at $367,000 after purchasing an additional 3,412 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Hippo during the 3rd quarter worth approximately $174,000. Finally, AQR Capital Management LLC bought a new position in Hippo during the second quarter worth about $194,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Jefferies Financial Group cut 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 raised their price objective on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd.

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.