Barclays PLC Grows Stock Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Barclays PLC grew its position in Hippo Holdings Inc. (NYSE:HIPO) by 276.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,816 shares of the company’s stock after buying an additional 18,960 shares during the period. Barclays PLC owned 0.11% of Hippo worth $435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Hippo by 6.3% in the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock valued at $7,467,000 after acquiring an additional 26,085 shares in the last quarter. State Street Corp boosted its position in shares of Hippo by 10.5% in the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock worth $6,373,000 after purchasing an additional 35,743 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hippo by 9.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock worth $2,553,000 after buying an additional 13,586 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Hippo by 37.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock valued at $1,113,000 after buying an additional 17,978 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Hippo by 99.2% in the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock valued at $1,050,000 after buying an additional 30,418 shares during the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Hippo Stock Down 1.6 %

Hippo stock opened at $27.34 on Friday. Hippo Holdings Inc. has a 52 week low of $7.75 and a 52 week high of $34.24. The stock has a 50-day moving average price of $28.25 and a 200 day moving average price of $21.89. The company has a market capitalization of $665.88 million, a price-to-earnings ratio of -5.25 and a beta of 1.51.

Wall Street Analysts Forecast Growth

HIPO has been the topic of several recent analyst reports. JMP Securities upped their price objective on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group lowered their price objective 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.

Insider Activity

In related news, CAO Anirudh Badia sold 2,552 shares of Hippo stock in a transaction that occurred on 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 in the company, valued at approximately $2,505,694.35. This trade represents a 2.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Mccathron sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $30.16, for a total value of $452,400.00. Following the completion of the transaction, the chief executive officer now directly owns 339,623 shares of the company’s stock, valued at $10,243,029.68. The trade was a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,793 shares of company stock valued at $1,896,840 in the last ninety days. Insiders own 11.37% of the company’s stock.

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.