GSA Capital Partners LLP Sells 9,650 Shares of Hippo Holdings Inc. (NYSE:HIPO)

GSA Capital Partners LLP decreased its holdings in shares of Hippo Holdings Inc. (NYSE:HIPO) by 48.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,247 shares of the company’s stock after selling 9,650 shares during the quarter. GSA Capital Partners LLP’s holdings in Hippo were worth $173,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Hippo during the third quarter valued at about $174,000. AQR Capital Management LLC purchased a new position in shares of Hippo during the 2nd quarter valued at about $194,000. Squarepoint Ops LLC bought a new stake in Hippo in the 2nd quarter worth approximately $335,000. Dimensional Fund Advisors LP purchased a new stake in shares of Hippo in the 2nd quarter valued at $629,000. Finally, American Century Companies Inc. boosted its position in Hippo by 28.2% during the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after buying an additional 5,592 shares during the period. 43.01% of the stock is currently owned by institutional investors.

Hippo Stock Performance

Shares of NYSE:HIPO opened at $34.01 on Monday. Hippo Holdings Inc. has a 52-week low of $7.75 and a 52-week high of $34.11. The firm has a market capitalization of $828.48 million, a P/E ratio of -6.53 and a beta of 1.26. The stock has a 50 day moving average price of $20.98 and a 200-day moving average price of $18.86.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HIPO shares. Keefe, Bruyette & Woods raised 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. JMP Securities lifted their price objective on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, Jefferies Financial Group decreased their target price on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

Insider Buying and Selling

In related news, Chairman Assaf Wand sold 12,250 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $16.19, for a total value of $198,327.50. Following the transaction, the chairman now owns 548,064 shares in the company, valued at $8,873,156.16. The trade was a 2.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anirudh Badia sold 2,552 shares of Hippo stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $24.49, for a total transaction of $62,498.48. Following the completion of the transaction, the chief accounting officer now directly owns 102,315 shares of the company’s stock, valued at $2,505,694.35. This trade represents a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,657 shares of company stock worth $538,171 in the last three months. 11.37% of the stock is owned by corporate insiders.

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.