Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $635,437.30 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 21,146 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $30.05, for a total transaction of $635,437.30. Following the sale, the chief executive officer now owns 74,120 shares of the company’s stock, valued at approximately $2,227,306. This represents a 22.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 29th, Torben Ostergaard sold 3,022 shares of Hippo stock. The stock was sold at an average price of $27.25, for a total transaction of $82,349.50.
• On Wednesday, January 8th, Torben Ostergaard sold 3,022 shares of Hippo stock. The shares were sold at an average price of $25.77, for a total transaction of $77,876.94.
• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The shares were 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 transaction of $55,354.32.

Hippo Price Performance

HIPO opened at $31.07 on Friday. The stock has a market capitalization of $756.91 million, a PE ratio of -5.96 and a beta of 1.52. The firm’s fifty day moving average price is $27.57 and its 200 day moving average price is $23.00. Hippo Holdings Inc. has a 12-month low of $8.78 and a 12-month high of $34.24.

Wall Street Analyst Weigh In

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

Institutional Trading of Hippo

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of Hippo by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company’s stock worth $4,087,000 after purchasing an additional 1,424 shares during the period. Caz Investments LP raised its holdings in shares of Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after purchasing an additional 2,800 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Hippo by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 48,311 shares of the company’s stock worth $1,293,000 after purchasing an additional 2,910 shares during the period. SG Americas Securities LLC raised its holdings in shares of Hippo by 33.2% during the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock worth $367,000 after purchasing an additional 3,412 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo during the third quarter worth $174,000. 43.01% of the stock is owned by institutional investors and hedge funds.

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.