Hippo (NYSE:HIPO) CEO Torben Ostergaard Sells 600 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $30.44, for a total transaction of $18,264.00. Following the completion of the transaction, the chief executive officer owned 46,094 shares of the company’s stock, valued at $1,403,101.36. This trade represents a 1.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, February 17th, Torben Ostergaard sold 6,105 shares of Hippo stock. The stock was sold at an average price of $28.57, for a total value of $174,419.85.

Hippo Trading Down 1.7%

Shares of NYSE HIPO traded down $0.50 during midday trading on Friday, hitting $28.70. The stock had a trading volume of 151,064 shares, compared to its average volume of 144,468. The firm has a market cap of $726.95 million, a P/E ratio of 13.41 and a beta of 1.57. Hippo Holdings Inc. has a fifty-two week low of $19.92 and a fifty-two week high of $38.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day simple moving average is $29.99 and its 200 day simple moving average is $32.55.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HIPO. Zacks Research upgraded shares of Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Keefe, Bruyette & Woods boosted their price target on shares of Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hippo in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in Hippo in the fourth quarter valued at approximately $391,000. Stoic Point Capital Management LLC acquired a new position in shares of Hippo in the 4th quarter valued at $7,490,000. Tudor Investment Corp ET AL increased its position in shares of Hippo by 30.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 34,616 shares of the company’s stock valued at $1,041,000 after buying an additional 7,982 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Hippo during the 4th quarter worth $262,000. Finally, Engineers Gate Manager LP raised its stake in Hippo by 71.7% during the 4th quarter. Engineers Gate Manager LP now owns 12,939 shares of the company’s stock worth $389,000 after buying an additional 5,403 shares during the period. Institutional investors and hedge funds own 43.01% of the company’s stock.

About Hippo

Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo’s policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.

Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.