Geode Capital Management LLC Has $7.47 Million Stock Position in Hippo Holdings Inc. (NYSE:HIPO)

Geode Capital Management LLC raised its position in Hippo Holdings Inc. (NYSE:HIPO) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 442,261 shares of the company’s stock after buying an additional 26,085 shares during the period. Geode Capital Management LLC owned 1.77% of Hippo worth $7,467,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HIPO. Barclays PLC lifted its position in shares of Hippo by 276.5% during the third quarter. Barclays PLC now owns 25,816 shares of the company’s stock worth $435,000 after purchasing an additional 18,960 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hippo during the 3rd quarter worth $174,000. State Street Corp boosted its position in Hippo by 10.5% in the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock valued at $6,373,000 after buying an additional 35,743 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Hippo in the 3rd quarter valued at $864,000. Finally, Caz Investments LP raised its position in shares of 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. 43.01% of the stock is owned by institutional investors.

Hippo Price Performance

NYSE:HIPO opened at $25.64 on Friday. The business’s 50-day simple moving average is $27.27 and its 200-day simple moving average is $21.07. Hippo Holdings Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.24. The stock has a market capitalization of $624.59 million, a PE ratio of -4.92 and a beta of 1.47.

Wall Street Analyst Weigh In

A number of analysts recently commented on HIPO shares. Jefferies Financial Group lowered 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. JMP Securities boosted their price target on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 22nd.

Insiders Place Their Bets

In other Hippo news, 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 value of $62,498.48. Following the sale, the chief accounting officer now owns 102,315 shares of the company’s stock, valued at $2,505,694.35. This trade represents a 2.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard Mccathron sold 10,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $25.55, for a total value of $255,500.00. Following the transaction, the chief executive officer now directly owns 366,146 shares of the company’s stock, valued at $9,355,030.30. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,521 shares of company stock worth $1,236,818. Company insiders own 11.37% of the company’s stock.

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.