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 Hippo stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $26.76, for a total transaction of $327,810.00. Following the transaction, the chairman now directly owns 499,064 shares in the company, valued at $13,354,952.64. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 2nd, Assaf Wand sold 12,250 shares of Hippo stock. The stock was sold at an average price of $26.02, for a total transaction of $318,745.00.

Hippo Stock Performance

Shares of HIPO opened at $31.21 on Friday. The stock has a 50 day simple moving average of $27.61 and a 200 day simple moving average of $22.91. Hippo Holdings Inc. has a 52-week low of $8.78 and a 52-week high of $34.24. The firm has a market capitalization of $760.15 million, a PE ratio of -5.99 and a beta of 1.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HIPO. JPMorgan Chase & Co. raised its holdings in shares of Hippo by 205.0% during the third quarter. JPMorgan Chase & Co. now owns 146,176 shares of the company’s stock worth $2,467,000 after acquiring an additional 98,256 shares during the period. Ieq Capital LLC raised its stake in shares of Hippo by 112.5% in the 4th quarter. Ieq Capital LLC now owns 107,086 shares of the company’s stock valued at $2,867,000 after purchasing an additional 56,684 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Hippo in the third quarter valued at about $864,000. Dimensional Fund Advisors LP acquired a new position in shares of Hippo during the second quarter worth about $629,000. Finally, State Street Corp grew its holdings in shares of Hippo by 10.5% during the third quarter. State Street Corp now owns 377,537 shares of the company’s stock worth $6,373,000 after buying an additional 35,743 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities upped their price objective on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd.

Hippo Company Profile

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.