Public Employees Retirement System of Ohio Purchases New Position in Hippo Holdings Inc. (NYSE:HIPO)

Public Employees Retirement System of Ohio acquired a new stake in Hippo Holdings Inc. (NYSE:HIPO) in the third quarter, Holdings Channel.com reports. The firm acquired 10,336 shares of the company’s stock, valued at approximately $174,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its position 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 valued at $1,050,000 after purchasing an additional 30,418 shares in the last quarter. Rhumbline Advisers grew its holdings in Hippo by 93.7% during the 2nd quarter. Rhumbline Advisers now owns 28,738 shares of the company’s stock valued at $494,000 after buying an additional 13,899 shares in the last quarter. American Century Companies Inc. increased its position in shares of Hippo by 28.2% during the second quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after buying an additional 5,592 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Hippo in the second quarter worth about $629,000. Finally, Squarepoint Ops LLC bought a new position in shares of Hippo in the second quarter valued at approximately $335,000. Institutional investors own 43.01% of the company’s stock.

Hippo Price Performance

Shares of Hippo stock opened at $26.29 on Friday. Hippo Holdings Inc. has a 1 year low of $7.75 and a 1 year high of $34.24. The firm has a market cap of $640.42 million, a PE ratio of -5.05 and a beta of 1.47. The company has a 50 day simple moving average of $25.85 and a two-hundred day simple moving average of $20.47.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group decreased their target price on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. JMP Securities increased their price objective on Hippo from $25.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 22nd.

Insider Activity

In related news, CEO Richard Mccathron sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $30.16, for a total transaction of $452,400.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Torben Ostergaard sold 2,092 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $26.46, for a total value of $55,354.32. Following the completion of the sale, the chief executive officer now directly owns 104,332 shares of the company’s stock, valued at approximately $2,760,624.72. This represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,749 shares of company stock worth $1,356,846. 11.37% of the stock is currently owned by corporate 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.