Hippo Holdings Inc. (NYSE:HIPO) Insider Michael Stienstra Sells 2,329 Shares

Hippo Holdings Inc. (NYSE:HIPO) insider Michael Stienstra sold 2,329 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $30.02, for a total value of $69,916.58. Following the transaction, the insider now directly owns 59,648 shares in the company, valued at approximately $1,790,632.96. The trade was a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Hippo Stock Up 0.5 %

HIPO traded up $0.16 during trading on Wednesday, reaching $30.15. The company’s stock had a trading volume of 114,588 shares, compared to its average volume of 147,518. The firm has a fifty day simple moving average of $27.56 and a two-hundred day simple moving average of $23.67. The company has a market cap of $734.45 million, a price-to-earnings ratio of -5.79 and a beta of 1.52. Hippo Holdings Inc. has a 1 year low of $10.26 and a 1 year high of $34.24.

Institutional Trading of Hippo

Several institutional investors have recently added to or reduced their stakes in HIPO. Caz Investments LP increased its holdings in Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after purchasing an additional 2,800 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Hippo in the 4th quarter valued at approximately $118,000. SG Americas Securities LLC purchased a new position in Hippo in the 3rd quarter valued at approximately $174,000. Public Employees Retirement System of Ohio purchased a new position in Hippo in the 3rd quarter valued at approximately $174,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Hippo in the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities upped their price target on 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.