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 business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $29.14, for a total value of $145,700.00. Following the completion of the sale, the chief executive officer owned 442,704 shares of the company’s stock, valued at approximately $12,900,394.56. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, January 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $31.52, for a total value of $157,600.00.
• On Tuesday, December 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $29.82, for a total value of $149,100.00.

Hippo Stock Performance

HIPO opened at $27.70 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. Hippo Holdings Inc. has a 52-week low of $19.92 and a 52-week high of $38.98. The firm has a market cap of $701.67 million, a P/E ratio of 7.65 and a beta of 1.57. The business’s fifty day moving average is $30.42 and its 200-day moving average is $32.47.

Institutional Investors Weigh In On Hippo

A number of hedge funds and other institutional investors have recently bought and sold shares of HIPO. Quantbot Technologies LP bought a new position in Hippo in the second quarter valued at about $33,000. AlphaQuest LLC increased its stake in shares of Hippo by 109.5% in the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after buying an additional 654 shares during the period. Torren Management LLC acquired a new position in shares of Hippo in the fourth quarter valued at approximately $55,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Hippo in the 4th quarter valued at approximately $71,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Hippo during the 3rd quarter worth approximately $125,000. Institutional investors own 43.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on HIPO shares. Zacks Research upgraded shares of Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Hippo in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.50.

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.