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 stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $28.90, for a total value of $354,025.00. Following the transaction, the chairman now directly owns 486,814 shares in the company, valued at $14,068,924.60. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, February 3rd, Assaf Wand sold 12,250 shares of Hippo stock. The shares were sold at an average price of $26.76, for a total value of $327,810.00.
• 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 transaction of $318,745.00.

Hippo Stock Performance

HIPO traded up $0.24 on Wednesday, hitting $29.45. The company had a trading volume of 182,032 shares, compared to its average volume of 150,177. The stock has a market capitalization of $717.35 million, a price-to-earnings ratio of -5.65 and a beta of 1.52. The stock has a fifty day moving average price of $27.85 and a 200-day moving average price of $24.42. Hippo Holdings Inc. has a 12-month low of $14.22 and a 12-month high of $34.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. lifted its position in Hippo by 1.5% during the fourth quarter. Invesco Ltd. now owns 35,866 shares of the company’s stock valued at $960,000 after acquiring an additional 539 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Hippo by 13.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,736 shares of the company’s stock valued at $314,000 after purchasing an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hippo by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,664 shares of the company’s stock valued at $4,087,000 after purchasing an additional 1,424 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hippo by 5.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,768 shares of the company’s stock worth $717,000 after purchasing an additional 1,434 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in Hippo by 13.3% during the 4th quarter. MetLife Investment Management LLC now owns 13,394 shares of the company’s stock valued at $359,000 after buying an additional 1,573 shares in the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities upped their price target on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report 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.