Stewart Ellis Sells 12,000 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CFO Stewart Ellis sold 12,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.91, for a total value of $310,920.00. Following the sale, the chief financial officer now owns 328,215 shares of the company’s stock, valued at approximately $8,504,050.65. This represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Hippo Trading Up 4.1 %

Hippo stock traded up $1.03 during mid-day trading on Friday, hitting $26.29. 236,433 shares of the company’s stock were exchanged, compared to its average volume of 161,060. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24. The stock has a 50 day moving average of $25.85 and a two-hundred day moving average of $20.47. The stock has a market cap of $640.42 million, a P/E ratio of -5.05 and a beta of 1.47.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Hippo by 99.2% during the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock valued at $1,050,000 after purchasing an additional 30,418 shares during the last quarter. Rhumbline Advisers grew its stake in Hippo by 93.7% in the 2nd quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock valued at $494,000 after buying an additional 13,899 shares during the last quarter. American Century Companies Inc. raised its holdings in Hippo by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after acquiring an additional 5,592 shares during the period. Dimensional Fund Advisors LP acquired a new position in Hippo during the 2nd quarter worth $629,000. Finally, Squarepoint Ops LLC bought a new stake in Hippo during the second quarter valued at about $335,000. 43.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on HIPO. JMP Securities upped their target price on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group dropped their price objective on Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th.

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.