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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard McCathron sold 5,000 shares of Hippo stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $35.25, for a total value of $176,250.00. Following the completion of the transaction, the chief executive officer directly owned 557,132 shares of the company’s stock, valued at $19,638,903. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, October 9th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $34.18, for a total transaction of $170,900.00.
• On Wednesday, September 9th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $32.23, for a total transaction of $161,150.00.

Hippo Price Performance

NYSE:HIPO traded up $0.35 during mid-day trading on Friday, reaching $37.31. 174,204 shares of the company were exchanged, compared to its average volume of 296,062. Hippo Holdings Inc. has a 12 month low of $24.08 and a 12 month high of $39.39. The company has a fifty day moving average of $34.14 and a 200 day moving average of $29.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $993.19 million, a PE ratio of 30.83 and a beta of 1.60.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HIPO. First Trust Advisors LP bought a new position in Hippo in the third quarter valued at approximately $2,714,000. State Street Corp boosted its holdings in shares of Hippo by 3.4% in the third quarter. State Street Corp now owns 458,799 shares of the company’s stock valued at $14,117,000 after buying an additional 15,083 shares during the period. Ieq Capital LLC bought a new stake in shares of Hippo during the third quarter worth $1,795,000. State of Wyoming increased its position in shares of Hippo by 164.0% during the third quarter. State of Wyoming now owns 22,879 shares of the company’s stock worth $704,000 after acquiring an additional 14,213 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Hippo by 306.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,894 shares of the company’s stock worth $120,000 after acquiring an additional 2,935 shares in the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on HIPO. Zacks Research cut shares of Hippo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Keefe, Bruyette & Woods boosted their price objective on shares of Hippo from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hippo in a report on Thursday, October 29th. B. Riley Financial reaffirmed a “buy” rating and set a $50.00 price objective (up from $41.50) on shares of Hippo in a report on Friday, October 30th. Finally, Wall Street Zen upgraded Hippo from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

About Hippo

Hippo, Inc. is a technology-focused property and casualty insurance company that provides home insurance and related services in the United States. Its offerings include homeowners, condo, renters and landlord insurance, with coverage and availability varying by state. The company uses digital tools and property data to support insurance quotes, policy management and claims. Hippo also offers services focused on home protection and maintenance, including programs intended to help customers identify and address potential risks before they lead to damage.