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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the chief executive officer directly owned 590,433 shares of the company’s stock, valued at approximately $14,760,825. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 Stock Up 0.2%

Shares of NYSE HIPO opened at $25.52 on Friday. The stock has a market cap of $664.41 million, a PE ratio of 5.91 and a beta of 1.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a 52-week low of $24.08 and a 52-week high of $38.98. The business has a 50-day moving average price of $26.58 and a 200 day moving average price of $28.35.

Hippo (NYSE:HIPO) last announced its earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts forecast that Hippo Holdings Inc. will post 1.03 earnings per share for the current year.

Institutional Trading of Hippo

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Hippo during the 4th quarter worth approximately $26,000. Altshuler Shaham Ltd lifted its position in Hippo by 270.4% during the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares during the period. Quantbot Technologies LP acquired a new stake in Hippo during the 2nd quarter worth approximately $33,000. AlphaQuest LLC lifted its position in Hippo by 109.5% during the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after acquiring an additional 654 shares during the period. Finally, Torren Management LLC acquired a new stake in Hippo during the 4th quarter worth approximately $55,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HIPO has been the subject of a number of research analyst reports. B. Riley Financial initiated coverage on Hippo in a research report on Friday, April 17th. They issued a “buy” rating and a $38.00 target price for the company. Texas Capital raised Hippo to a “strong-buy” rating in a research report on Tuesday. Zacks Research raised Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, Keefe, Bruyette & Woods upped their target price on Hippo from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $38.33.

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.