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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the sale, the chief executive officer owned 580,433 shares in the company, valued at $18,573,856. The trade was a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, July 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $28.53, for a total value of $142,650.00.
• On Tuesday, June 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $25.00, for a total value of $125,000.00.

Hippo Price Performance

Shares of NYSE HIPO opened at $32.93 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $869.02 million, a price-to-earnings ratio of 7.08 and a beta of 1.47. Hippo Holdings Inc. has a twelve month low of $24.08 and a twelve month high of $38.98. The business has a 50 day simple moving average of $28.43 and a 200-day simple moving average of $27.71.

Hippo (NYSE:HIPO) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.96. The firm had revenue of $144.70 million for the quarter, compared to analysts’ expectations of $137.44 million. Hippo had a return on equity of 10.68% and a net margin of 23.92%. As a group, equities research analysts expect that Hippo Holdings Inc. will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in Hippo by 17.8% in the 2nd quarter. BlackRock Inc. now owns 1,498,306 shares of the company’s stock worth $42,342,000 after purchasing an additional 226,533 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hippo by 36.4% during the second quarter. Bank of New York Mellon Corp now owns 80,747 shares of the company’s stock valued at $2,282,000 after buying an additional 21,556 shares during the last quarter. State of Wyoming boosted its position in shares of Hippo by 22.9% during the second quarter. State of Wyoming now owns 8,666 shares of the company’s stock worth $245,000 after buying an additional 1,612 shares during the period. Russell Investments Group Ltd. increased its position in Hippo by 151.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 38,830 shares of the company’s stock valued at $1,097,000 after acquiring an additional 23,408 shares during the period. Finally, Stoic Point Capital Management LLC boosted its position in Hippo by 0.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock worth $6,544,000 after acquiring an additional 2,100 shares during the period. 43.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on HIPO. B. Riley Financial reaffirmed a “buy” rating and issued a $41.50 price target (up from $38.00) on shares of Hippo in a report on Monday, August 3rd. Zacks Research upgraded shares of Hippo from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Hippo in a research note on Friday, July 31st. Finally, Texas Capital raised Hippo to a “strong-buy” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $40.50.

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.