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 on Monday, December 23rd. The stock was sold at an average price of $25.91, for a total value of $78,300.02. Following the transaction, the chief executive officer now directly owns 101,310 shares of the company’s stock, valued at $2,624,942.10. The trade was a 2.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $26.46, for a total value of $55,354.32.

Hippo Stock Performance

Hippo stock traded up $1.47 during trading on Thursday, hitting $28.41. The company’s stock had a trading volume of 264,417 shares, compared to its average volume of 160,846. The stock’s fifty day moving average is $26.33 and its 200 day moving average is $20.67. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24. The stock has a market capitalization of $692.07 million, a price-to-earnings ratio of -5.45 and a beta of 1.47.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JMP Securities upped their price objective 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caz Investments LP lifted its holdings in shares of Hippo by 100.0% during the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after acquiring an additional 2,800 shares during the period. SG Americas Securities LLC acquired a new position in Hippo during the third quarter worth approximately $174,000. Public Employees Retirement System of Ohio purchased a new position in Hippo during the third quarter worth approximately $174,000. AQR Capital Management LLC acquired a new position in shares of Hippo in the 2nd quarter valued at $194,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Hippo during the 2nd quarter valued at $335,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

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.