SG Americas Securities LLC Has $367,000 Holdings in Hippo Holdings Inc. (NYSE:HIPO)

SG Americas Securities LLC boosted its position in shares of Hippo Holdings Inc. (NYSE:HIPO) by 33.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,691 shares of the company’s stock after purchasing an additional 3,412 shares during the period. SG Americas Securities LLC owned about 0.06% of Hippo worth $367,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Caz Investments LP lifted its position in Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after acquiring an additional 2,800 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Hippo during the third quarter worth $174,000. AQR Capital Management LLC bought a new stake in shares of Hippo during the second quarter worth $194,000. Squarepoint Ops LLC bought a new stake in shares of Hippo during the second quarter worth $335,000. Finally, Barclays PLC raised its position in Hippo by 276.5% during the 3rd quarter. Barclays PLC now owns 25,816 shares of the company’s stock worth $435,000 after purchasing an additional 18,960 shares during the last quarter. Institutional investors own 43.01% of the company’s stock.

Insider Transactions at Hippo

In other news, CAO Anirudh Badia sold 2,552 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $24.49, for a total transaction of $62,498.48. Following the completion of the sale, the chief accounting officer now directly owns 102,315 shares in the company, valued at approximately $2,505,694.35. This represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Torben Ostergaard sold 3,022 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $27.25, for a total transaction of $82,349.50. Following the sale, the chief executive officer now owns 95,266 shares of the company’s stock, valued at approximately $2,595,998.50. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,815 shares of company stock valued at $1,979,190. 11.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities boosted their price objective on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Jefferies Financial Group lowered their price target on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

Hippo Stock Performance

Shares of Hippo stock opened at $27.28 on Tuesday. The stock’s 50-day simple moving average is $27.73 and its 200 day simple moving average is $22.72. Hippo Holdings Inc. has a 52-week low of $8.68 and a 52-week high of $34.24. The stock has a market capitalization of $664.47 million, a P/E ratio of -5.24 and a beta of 1.52.

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.