Hippo Holdings CEO Spinnaker Torben Ostergaard sells $40,955 in shares

Torben Ostergaard, CEO Spinnaker of Hippo Holdings Inc. (HIPO), sold 1,169 shares of common stock on October 15, 2026, for a total value of $40,955. The shares were sold at prices ranging from $35.00 to $35.07, with a weighted average sale price of $35.0344 per share.

The transaction was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Ostergaard established on August 22, 2025. Following this sale, Mr. Ostergaard directly beneficially owns 60,655 shares of Hippo Holdings common stock, a figure that includes 34,199 Restricted Stock Units (RSUs).
The sale comes as Hippo Holdings trades at $35.28, with the stock showing strong momentum after gaining 22% over the past six months. According to InvestingPro analysis, the company appears undervalued at current levels, trading at a P/E ratio of 6.91. An InvestingPro tip notes that stock price movements are quite volatile, with a beta of 1.55. Investors can access 5 additional ProTips and comprehensive analysis through the platform’s detailed Pro Research Report, one of 1,400+ available for US equities.

In other recent news, Hippo Holdings Inc. reported impressive second-quarter 2026 results, significantly exceeding expectations. The company achieved adjusted earnings of $0.79 per share, contrasting sharply with the anticipated loss of $0.18 per share. Additionally, Hippo’s revenue reached $144.7 million, surpassing Wall Street’s estimate of $139.84 million. This marks the fifth consecutive quarter of profitability for the company on both stated and adjusted bases. These positive results have bolstered confidence in Hippo’s financial health. The company also raised its outlook for the future. Investors will be closely watching for further developments as Hippo continues to demonstrate strong financial performance.