Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CFO Stewart Ellis sold 12,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.91, for a total transaction of $310,920.00. Following the sale, the chief financial officer now 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 the SEC website.
Shares of HIPO stock traded up $1.03 during trading hours on Friday, reaching $26.29. 236,433 shares of the stock traded hands, compared to its average volume of 161,060. The firm has a market capitalization of $640.42 million, a PE ratio of -5.05 and a beta of 1.47. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24. The business has a fifty day moving average price of $25.85 and a 200 day moving average price of $20.47.
Several large investors have recently added to or reduced their stakes in the company. Caz Investments LP lifted its stake in Hippo by 100.0% in 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Hippo during the 3rd quarter valued at about $174,000. SG Americas Securities LLC acquired a new position in shares of Hippo in the 3rd quarter valued at about $174,000. AQR Capital Management LLC purchased a new stake in shares of Hippo in the second quarter worth approximately $194,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Hippo during the second quarter worth approximately $335,000. 43.01% of the stock is owned by institutional investors and hedge funds.
HIPO has been the subject of a number of recent research reports. JMP Securities increased their price objective on Hippo from $25.00 to $35.00 and gave the company a "market outperform" rating in a research report on Friday, November 22nd. Jefferies Financial Group reduced their target price on Hippo from $29.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, October 9th.
View Our Latest Analysis on HIPO
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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