Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CFO Stewart Ellis sold 12,000 shares of the company's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.91, for a total transaction of $310,920.00. Following the completion of the sale, the chief financial officer now directly owns 328,215 shares of the company's stock, valued at $8,504,050.65. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Hippo Trading Up 4.1 %
Hippo stock opened at $26.29 on Friday. The business's 50 day simple moving average is $25.85 and its 200 day simple moving average is $20.47. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24. The company has a market cap of $640.42 million, a price-to-earnings ratio of -5.05 and a beta of 1.47.
Institutional Trading of Hippo
A number of institutional investors have recently added to or reduced their stakes in HIPO. Dimensional Fund Advisors LP purchased a new position in Hippo in the second quarter worth $629,000. Bank of New York Mellon Corp raised its stake in shares of Hippo by 99.2% during the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company's stock worth $1,050,000 after acquiring an additional 30,418 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 valued at $1,113,000 after purchasing an additional 17,978 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Hippo during the 3rd quarter valued at $174,000. Finally, AQR Capital Management LLC purchased a new position in Hippo in the 2nd quarter worth $194,000. Hedge funds and other institutional investors own 43.01% of the company's stock.
Wall Street Analysts Forecast Growth
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A number of equities analysts have recently weighed in on the company. JMP Securities boosted their target price on Hippo from $25.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Friday, November 22nd. Jefferies Financial Group reduced their price objective on Hippo from $29.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th.
Check Out Our Latest Stock Report on Hippo
About Hippo
(
Get Free Report)
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.
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