Insider Selling: Hippo (NYSE:HIPO) CEO Sells 5,000 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $31.52, for a total transaction of $157,600.00. Following the completion of the sale, the chief executive officer owned 447,704 shares of the company’s stock, valued at approximately $14,111,630.08. The trade was a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $29.82, for a total transaction of $149,100.00.

Hippo Price Performance

HIPO traded down $1.14 during midday trading on Tuesday, reaching $30.22. 161,403 shares of the company’s stock were exchanged, compared to its average volume of 152,762. The business has a 50-day simple moving average of $31.76 and a two-hundred day simple moving average of $32.10. Hippo Holdings Inc. has a one year low of $19.92 and a one year high of $38.98. The firm has a market capitalization of $765.52 million, a price-to-earnings ratio of 8.35 and a beta of 1.57. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11.

Hippo (NYSE:HIPO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.66. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. The company had revenue of $120.60 million during the quarter, compared to analyst estimates of $117.75 million. As a group, research analysts predict that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Institutional Investors Weigh In On Hippo

A number of hedge funds and other institutional investors have recently made changes to their positions in HIPO. SG Americas Securities LLC grew its holdings in shares of Hippo by 11.7% during the 4th quarter. SG Americas Securities LLC now owns 10,135 shares of the company’s stock worth $305,000 after purchasing an additional 1,058 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Hippo by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 213,658 shares of the company’s stock valued at $7,726,000 after purchasing an additional 5,186 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Hippo in the 3rd quarter valued at $963,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Hippo during the 3rd quarter worth $5,842,000. Finally, Voleon Capital Management LP bought a new stake in shares of Hippo during the 3rd quarter worth $1,048,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HIPO shares. Zacks Research upgraded shares of Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. JMP Securities set a $45.00 price target on shares of Hippo and gave the company a “market outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hippo in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their target price on shares of Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, December 10th. Finally, Citigroup reiterated an “outperform” rating on shares of Hippo in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.50.

Hippo Company Profile

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.