State Street Corp Has $6.37 Million Stock Position in Hippo Holdings Inc. (NYSE:HIPO)

State Street Corp raised its stake in Hippo Holdings Inc. (NYSE:HIPO) by 10.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 377,537 shares of the company’s stock after buying an additional 35,743 shares during the quarter. State Street Corp’s holdings in Hippo were worth $6,373,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HIPO. Bank of New York Mellon Corp lifted its stake in shares of Hippo by 99.2% during 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 acquiring an additional 30,418 shares during the period. Rhumbline Advisers raised its holdings in Hippo by 93.7% during the 2nd quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock worth $494,000 after purchasing an additional 13,899 shares during the last quarter. American Century Companies Inc. boosted its stake 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 valued at $438,000 after purchasing an additional 5,592 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Hippo during the 2nd quarter worth approximately $629,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Hippo during the second quarter worth approximately $335,000. 43.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Assaf Wand sold 12,250 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $8,873,156.16. This represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Mccathron sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $30.16, for a total transaction of $452,400.00. Following the sale, the chief executive officer now directly owns 339,623 shares of the company’s stock, valued at approximately $10,243,029.68. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,771 shares of company stock valued at $1,435,146. 11.37% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. JMP Securities upped their target price on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd. Jefferies Financial Group dropped their price objective on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

Hippo Trading Down 3.7 %

NYSE:HIPO opened at $27.36 on Friday. The firm has a fifty day simple moving average of $26.67 and a 200 day simple moving average of $20.81. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24. The stock has a market capitalization of $666.49 million, a PE ratio of -5.25 and a beta of 1.47.

Hippo Company 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.