Global Retirement Partners LLC Decreases Holdings in Hippo Holdings Inc. (NYSE:HIPO)

Global Retirement Partners LLC lessened its holdings in Hippo Holdings Inc. (NYSE:HIPO) by 50.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,365 shares of the company’s stock after selling 1,365 shares during the quarter. Global Retirement Partners LLC’s holdings in Hippo were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Caz Investments LP boosted 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 worth $95,000 after purchasing an additional 2,800 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Hippo in the third quarter valued at about $174,000. SG Americas Securities LLC grew its position in Hippo by 33.2% in the fourth quarter. SG Americas Securities LLC now owns 13,691 shares of the company’s stock valued at $367,000 after acquiring an additional 3,412 shares in the last quarter. Barclays PLC increased its stake 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 buying an additional 18,960 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Hippo in the third quarter valued at about $864,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities increased their price target on shares of Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd.

Hippo Price Performance

NYSE:HIPO opened at $28.66 on Friday. Hippo Holdings Inc. has a 12-month low of $13.36 and a 12-month high of $34.24. The business has a 50 day simple moving average of $27.74 and a 200 day simple moving average of $24.23. The firm has a market capitalization of $698.26 million, a P/E ratio of -5.50 and a beta of 1.52.

Insider Activity

In other news, Chairman Assaf Wand sold 12,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.02, for a total value of $318,745.00. Following the completion of the sale, the chairman now owns 511,314 shares in the company, valued at $13,304,390.28. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Torben Ostergaard sold 2,092 shares of Hippo stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $26.46, for a total transaction of $55,354.32. Following the completion of the transaction, the chief executive officer now directly owns 104,332 shares in the company, valued at $2,760,624.72. This represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,133 shares of company stock valued at $2,220,110. 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.