Torben Ostergaard Sells 3,022 Shares of Hippo Holdings Inc. (NYSE:HIPO) Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 3,022 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $25.77, for a total transaction of $77,876.94. Following the completion of the sale, the chief executive officer now owns 98,288 shares in the company, valued at $2,532,881.76. This represents a 2.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Torben Ostergaard also recently made the following trade(s):

• On Monday, December 23rd, Torben Ostergaard sold 3,022 shares of Hippo stock. The shares were sold at an average price of $25.91, for a total value of $78,300.02.
• On Tuesday, December 17th, Torben Ostergaard sold 2,092 shares of Hippo stock. The shares were sold at an average price of $26.46, for a total transaction of $55,354.32.

Hippo Stock Performance

HIPO opened at $24.49 on Friday. The stock has a market capitalization of $596.58 million, a price-to-earnings ratio of -4.70 and a beta of 1.51. The company has a fifty day moving average of $28.02 and a 200 day moving average of $21.51. Hippo Holdings Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.24.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Caz Investments LP boosted its stake in Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after buying an additional 2,800 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Hippo during the 3rd quarter valued at approximately $174,000. Public Employees Retirement System of Ohio purchased a new position in shares of Hippo in the third quarter valued at $174,000. AQR Capital Management LLC bought a new stake in Hippo in the second quarter worth $194,000. Finally, Squarepoint Ops LLC purchased a new stake in Hippo during the second quarter valued at $335,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HIPO shares. JMP Securities lifted 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 cut their target price on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

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.