Charles Schwab Investment Management Inc. Acquires 13,586 Shares of Hippo Holdings Inc. (NYSE:HIPO)

Charles Schwab Investment Management Inc. grew its position in shares of Hippo Holdings Inc. (NYSE:HIPO) by 9.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,240 shares of the company’s stock after buying an additional 13,586 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of Hippo worth $2,553,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HIPO. SG Americas Securities LLC bought a new position in Hippo in the 3rd quarter worth about $174,000. AQR Capital Management LLC bought a new stake in shares of Hippo in the 2nd quarter worth approximately $194,000. Squarepoint Ops LLC bought a new stake in shares of Hippo in the 2nd quarter worth approximately $335,000. American Century Companies Inc. grew its position in shares of Hippo by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after buying an additional 5,592 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Hippo by 93.7% during the second quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock valued at $494,000 after purchasing an additional 13,899 shares in the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Hippo Stock Down 2.7 %

NYSE HIPO opened at $27.11 on Monday. The business has a 50-day moving average price of $24.93 and a 200-day moving average price of $20.21. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $34.24. The firm has a market cap of $660.40 million, a price-to-earnings ratio of -5.20 and a beta of 1.47.

Insider Activity at Hippo

In other Hippo news, Chairman Assaf Wand sold 12,250 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total transaction of $198,327.50. Following the sale, the chairman now directly owns 548,064 shares in the company, valued at $8,873,156.16. This represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Richard Mccathron sold 15,000 shares of the company’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 sale, the chief executive officer now owns 339,623 shares in the company, valued at approximately $10,243,029.68. This trade represents a 4.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,657 shares of company stock valued at $990,571. Insiders own 11.37% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HIPO. Keefe, Bruyette & Woods boosted their target price on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th. JMP Securities upped their price objective on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd. Finally, Jefferies Financial Group reduced their price objective on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

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.