Insider Selling: Hippo (NYSE:HIPO) CEO Sells $125,000.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the sale, the chief executive officer directly owned 590,433 shares in the company, valued at approximately $14,760,825. The trade was a 0.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, May 11th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $27.10, for a total value of $135,500.00.
• On Thursday, April 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $26.05, for a total value of $130,250.00.

Hippo Price Performance

Shares of HIPO stock opened at $25.52 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $664.41 million, a P/E ratio of 5.91 and a beta of 1.51. The stock’s 50-day moving average is $26.58 and its 200 day moving average is $28.35. Hippo Holdings Inc. has a 1-year low of $24.08 and a 1-year high of $38.98.

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

Institutional Investors Weigh In On Hippo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Hippo by 5.3% during the third quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock worth $40,085,000 after purchasing an additional 55,394 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Hippo by 24.1% during the fourth quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock worth $16,760,000 after purchasing an additional 108,359 shares during the period. Westerly Capital Management LLC lifted its holdings in shares of Hippo by 24.3% during the fourth quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock worth $12,634,000 after purchasing an additional 82,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Hippo by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock worth $10,291,000 after purchasing an additional 29,993 shares during the period. Finally, Stoic Point Capital Management LLC lifted its holdings in shares of Hippo by 0.8% during the first quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock worth $6,544,000 after purchasing an additional 2,100 shares during the period. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods raised their price target on Hippo from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Zacks Research raised Hippo to a “hold” rating in a report on Tuesday, March 3rd. B. Riley Financial assumed coverage on Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Texas Capital raised Hippo to a “strong-buy” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.33.

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.