Hippo Holdings Inc. (NYSE:HIPO) Stock Holdings Increased by State Street Corp

State Street Corp raised its holdings in shares of Hippo Holdings Inc. (NYSE:HIPO) by 10.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 377,537 shares of the company’s stock after buying an additional 35,743 shares during the period. State Street Corp owned about 1.51% of Hippo worth $6,373,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. purchased a new stake in Hippo during the third quarter valued at about $864,000. Caz Investments LP raised its holdings in shares of Hippo by 100.0% during the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after acquiring an additional 2,800 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Hippo by 9.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock valued at $2,553,000 after acquiring an additional 13,586 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Hippo by 37.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock worth $1,113,000 after purchasing an additional 17,978 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Hippo during the 3rd quarter worth approximately $174,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JMP Securities raised their target price on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group decreased 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.

Hippo Price Performance

Hippo stock opened at $27.36 on Friday. Hippo Holdings Inc. has a one year low of $7.75 and a one year high of $34.24. The company’s fifty day moving average price is $26.67 and its two-hundred day moving average price is $20.81. The company has a market capitalization of $666.49 million, a price-to-earnings ratio of -5.25 and a beta of 1.47.

Insider Buying and Selling

In other news, CAO Anirudh Badia sold 2,552 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $24.49, for a total value of $62,498.48. Following the completion of the transaction, the chief accounting officer now owns 102,315 shares in the company, valued at approximately $2,505,694.35. This represents a 2.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $198,327.50. Following the completion of the sale, the chairman now directly owns 548,064 shares in the company, valued at approximately $8,873,156.16. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,771 shares of company stock worth $1,435,146 in the last quarter. 11.37% of the stock is currently owned by company insiders.

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.