Charles Schwab Investment Management Inc. Grows Stake in Hippo Holdings Inc. (NYSE:HIPO)

Charles Schwab Investment Management Inc. boosted its position in shares of Hippo Holdings Inc. (NYSE:HIPO) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,240 shares of the company’s stock after purchasing an additional 13,586 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hippo were worth $2,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HIPO. SG Americas Securities LLC bought a new stake in Hippo during the 3rd quarter valued at $174,000. AQR Capital Management LLC acquired a new stake in shares of Hippo in the 2nd quarter worth $194,000. Squarepoint Ops LLC acquired a new stake in shares of Hippo in the 2nd quarter worth $335,000. American Century Companies Inc. boosted its position 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 worth $438,000 after purchasing an additional 5,592 shares in the last quarter. Finally, Rhumbline Advisers lifted its position 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 acquiring an additional 13,899 shares during the period. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on HIPO. Jefferies Financial Group lowered their price target 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 lifted their price objective on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a research note on Monday, August 19th.

Hippo Stock Down 2.7 %

Shares of Hippo stock opened at $27.11 on Monday. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $34.24. The business has a 50-day moving average price of $24.93 and a 200 day moving average price of $20.21. The firm has a market cap of $660.40 million, a PE ratio of -5.20 and a beta of 1.47.

Insider Activity at Hippo

In other news, CAO Anirudh Badia sold 2,552 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $24.49, for a total transaction of $62,498.48. Following the transaction, the chief accounting officer now directly owns 102,315 shares in the company, valued at $2,505,694.35. The trade was a 2.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Assaf Wand sold 12,250 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $16.19, for a total value of $198,327.50. Following the transaction, the chairman now owns 548,064 shares in the company, valued at approximately $8,873,156.16. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,657 shares of company stock worth $990,571 in the last 90 days. Corporate 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.