Insider Selling: Hippo (NYSE:HIPO) CEO Sells 600 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Torben Ostergaard sold 600 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $30.44, for a total value of $18,264.00. Following the sale, the chief executive officer directly owned 46,094 shares in the company, valued at approximately $1,403,101.36. This represents a 1.28% decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $28.57, for a total value of $174,419.85.

Hippo Stock Down 1.7%

NYSE HIPO traded down $0.50 during trading hours on Friday, reaching $28.70. 151,064 shares of the company’s stock were exchanged, compared to its average volume of 144,468. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $726.95 million, a price-to-earnings ratio of 13.41 and a beta of 1.57. The company’s 50-day moving average is $29.99 and its two-hundred day moving average is $32.55. Hippo Holdings Inc. has a one year low of $19.92 and a one year high of $38.98.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HIPO. Keefe, Bruyette & Woods raised their price objective on shares of Hippo from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Wednesday, December 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hippo in a research note on Thursday, January 22nd. Finally, Zacks Research raised Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.50.

Hedge Funds Weigh In On Hippo

Several hedge funds have recently modified their holdings of the stock. Altshuler Shaham Ltd raised its holdings in Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Hippo during the 2nd quarter worth approximately $33,000. AlphaQuest LLC raised its stake in shares of Hippo by 109.5% during the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after purchasing an additional 654 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Hippo in the 4th quarter valued at approximately $55,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Hippo in the fourth quarter valued at $56,000. Institutional investors own 43.01% of the company’s stock.

Hippo Company Profile

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.