Hippo (NYSE:HIPO) CEO Richard Mccathron Sells 5,000 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of Hippo stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the completion of the sale, the chief executive officer directly owned 604,212 shares in the company, valued at $16,374,145.20. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Richard Mccathron also recently made the following trade(s):

• On Thursday, April 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $26.05, for a total transaction of $130,250.00.
• On Monday, March 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $25.86, for a total transaction of $129,300.00.

Hippo Stock Performance

Hippo stock traded down $0.50 during mid-day trading on Wednesday, reaching $26.36. The company’s stock had a trading volume of 89,790 shares, compared to its average volume of 107,749. Hippo Holdings Inc. has a 12-month low of $21.61 and a 12-month high of $38.98. The company has a market capitalization of $27.41 million, a P/E ratio of 6.10 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s fifty day moving average price is $26.77 and its two-hundred day moving average price is $29.69.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.67 earnings per share for the quarter. Hippo had a net margin of 23.45% and a return on equity of 12.17%. The business had revenue of $120.40 million during the quarter. Sell-side analysts predict that Hippo Holdings Inc. will post 1.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on HIPO shares. Keefe, Bruyette & Woods boosted their price target on shares of Hippo from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Hippo to a “hold” rating in a research report on Tuesday, March 3rd. B. Riley Financial started coverage on shares of Hippo in a research report on Friday, April 17th. They set a “buy” rating and a $38.00 price target for the company. Finally, Weiss Ratings upgraded shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.33.

Institutional Trading of Hippo

A number of hedge funds have recently made changes to their positions in HIPO. AQR Capital Management LLC lifted its holdings in shares of Hippo by 8.3% during the 1st quarter. AQR Capital Management LLC now owns 16,193 shares of the company’s stock worth $414,000 after acquiring an additional 1,236 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Hippo by 30.5% in the second quarter. JPMorgan Chase & Co. now owns 208,472 shares of the company’s stock worth $5,823,000 after purchasing an additional 48,677 shares during the last quarter. American Century Companies Inc. lifted its stake in Hippo by 6.3% in the second quarter. American Century Companies Inc. now owns 43,417 shares of the company’s stock worth $1,213,000 after purchasing an additional 2,588 shares during the last quarter. Quantbot Technologies LP bought a new stake in Hippo in the second quarter worth $33,000. Finally, Walleye Capital LLC bought a new stake in Hippo in the second quarter worth $358,000. 43.01% of the stock is owned by institutional investors.

About Hippo

Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo’s policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.

Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.