Caz Investments LP Has $95,000 Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Caz Investments LP boosted its stake in Hippo Holdings Inc. (NYSE:HIPO) by 100.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,600 shares of the company’s stock after purchasing an additional 2,800 shares during the period. Hippo comprises approximately 0.1% of Caz Investments LP’s investment portfolio, making the stock its 18th biggest position. Caz Investments LP’s holdings in Hippo were worth $95,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Hippo during the 3rd quarter worth approximately $174,000. AQR Capital Management LLC bought a new position in Hippo during the second quarter worth $194,000. PEAK6 Investments LLC bought a new position in Hippo during the first quarter worth $277,000. Squarepoint Ops LLC acquired a new position in Hippo in the second quarter valued at $335,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Hippo by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock valued at $427,000 after acquiring an additional 801 shares during the last quarter. 43.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities upped their target price 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 decreased their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a report on Monday, August 19th.

Insider Buying and Selling at Hippo

In related news, CAO Anirudh Badia sold 2,552 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $24.49, for a total value of $62,498.48. Following the transaction, the chief accounting officer now owns 102,315 shares of the company’s stock, valued at approximately $2,505,694.35. This trade represents a 2.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Mccathron sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $30.16, for a total value of $452,400.00. Following the sale, the chief executive officer now directly owns 339,623 shares of the company’s stock, valued at $10,243,029.68. This represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,657 shares of company stock worth $990,571. 11.37% of the stock is owned by corporate insiders.

Hippo Stock Performance

NYSE HIPO opened at $32.66 on Wednesday. Hippo Holdings Inc. has a 52 week low of $7.75 and a 52 week high of $34.24. The business has a 50 day moving average price of $21.25 and a 200-day moving average price of $18.96.

Hippo 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.