Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CEO Sells 10,000 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 10,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $25.55, for a total value of $255,500.00. Following the transaction, the chief executive officer now owns 366,146 shares of the company’s stock, valued at approximately $9,355,030.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hippo Trading Down 8.9 %

NYSE:HIPO traded down $2.64 during trading hours on Tuesday, reaching $27.02. The company had a trading volume of 376,262 shares, compared to its average volume of 156,541. The firm’s 50 day moving average price is $19.10 and its 200-day moving average price is $18.30. The firm has a market cap of $673.34 million, a price-to-earnings ratio of -5.19 and a beta of 1.26. Hippo Holdings Inc. has a 52 week low of $7.75 and a 52 week high of $29.74.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HIPO. Price T Rowe Associates Inc. MD lifted its position in shares of Hippo by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock worth $427,000 after purchasing an additional 801 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Hippo by 28.2% in the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after purchasing an additional 5,592 shares during the period. SG Americas Securities LLC purchased a new position in Hippo during the third quarter worth about $174,000. AQR Capital Management LLC purchased a new stake in shares of Hippo during the second quarter worth $194,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Hippo by 9.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock worth $2,553,000 after purchasing an additional 13,586 shares during the last quarter. Institutional investors own 43.01% of the company’s stock.

Analysts Set New Price Targets

HIPO has been the topic of several recent research reports. Jefferies Financial Group lowered 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. Keefe, Bruyette & Woods raised their target price on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research report on Monday, August 19th.

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.