Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) insider Michael Stienstra sold 2,329 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $30.02, for a total value of $69,916.58. Following the completion of the transaction, the insider now owns 59,648 shares of the company's stock, valued at $1,790,632.96. This represents a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Hippo Stock Up 0.5 %
NYSE HIPO opened at $30.15 on Thursday. The company has a market capitalization of $734.45 million, a price-to-earnings ratio of -5.79 and a beta of 1.52. Hippo Holdings Inc. has a twelve month low of $10.26 and a twelve month high of $34.24. The stock has a fifty day simple moving average of $27.58 and a 200 day simple moving average of $23.72.
Institutional Investors Weigh In On Hippo
Several institutional investors and hedge funds have recently made changes to their positions in HIPO. Public Employees Retirement System of Ohio lifted its stake in shares of Hippo by 13.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 11,736 shares of the company's stock worth $314,000 after acquiring an additional 1,400 shares during the period. Sphera Management Technology Funds Ltd bought a new position in Hippo during the 4th quarter worth approximately $1,017,000. Two Sigma Advisers LP acquired a new position in shares of Hippo in the 4th quarter worth approximately $200,000. Two Sigma Investments LP bought a new stake in shares of Hippo in the 4th quarter valued at $259,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Hippo during the fourth quarter worth $296,000. Institutional investors and hedge funds own 43.01% of the company's stock.
Analyst Ratings Changes
Separately, JMP Securities raised their price objective on shares of Hippo from $25.00 to $35.00 and gave the company a "market outperform" rating in a report on Friday, November 22nd.
Read Our Latest 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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