Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $255,500.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $25.55, for a total transaction of $255,500.00. Following the completion of the transaction, the chief executive officer now directly owns 366,146 shares in the company, valued at $9,355,030.30. This trade represents a 2.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hippo Price Performance

Shares of HIPO opened at $26.50 on Friday. The firm has a 50-day moving average of $19.60 and a 200-day moving average of $18.45. Hippo Holdings Inc. has a one year low of $7.75 and a one year high of $29.74.

Hedge Funds Weigh In On Hippo

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Hippo by 6.3% in the first quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock worth $13,872,000 after purchasing an additional 45,058 shares during the period. PEAK6 Investments LLC bought a new stake in shares of Hippo in the 1st quarter valued at about $277,000. Hood River Capital Management LLC increased its position in Hippo by 79.4% during the 1st quarter. Hood River Capital Management LLC now owns 326,343 shares of the company’s stock valued at $5,962,000 after purchasing an additional 144,459 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 worth $427,000 after buying an additional 801 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hippo by 99.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock worth $1,050,000 after acquiring an additional 30,418 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.