GSA Capital Partners LLP Lowers Stake in Hippo Holdings Inc. (NYSE:HIPO)

GSA Capital Partners LLP cut its position in Hippo Holdings Inc. (NYSE:HIPO) by 48.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,247 shares of the company’s stock after selling 9,650 shares during the period. GSA Capital Partners LLP’s holdings in Hippo were worth $173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Hippo by 6.3% during the first quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock valued at $13,872,000 after acquiring an additional 45,058 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Hippo during the second quarter valued at approximately $629,000. Bank of New York Mellon Corp lifted its holdings in shares of Hippo by 99.2% in the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock worth $1,050,000 after buying an additional 30,418 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in Hippo in the 1st quarter worth $277,000. Finally, SG Americas Securities LLC bought a new position in shares of Hippo during the 3rd quarter valued at about $174,000. 43.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jefferies Financial Group reduced their price objective on Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. JMP Securities increased their price objective on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th.

Hippo Trading Up 6.1 %

HIPO stock opened at $34.01 on Monday. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.11. The stock has a market cap of $828.48 million, a PE ratio of -6.53 and a beta of 1.26. The company has a 50-day moving average price of $20.98 and a 200 day moving average price of $18.86.

Insider Transactions at Hippo

In other Hippo news, CEO Richard Mccathron sold 10,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $25.55, for a total transaction of $255,500.00. Following the transaction, the chief executive officer now directly owns 366,146 shares in the company, valued at $9,355,030.30. This represents a 2.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anirudh Badia sold 2,552 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $24.49, for a total transaction of $62,498.48. Following the completion of the sale, the chief accounting officer now owns 102,315 shares of the company’s stock, valued at approximately $2,505,694.35. This represents a 2.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,657 shares of company stock worth $538,171. 11.37% of the stock is currently owned by 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.