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 stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.23, for a total transaction of $161,150.00. Following the sale, the chief executive officer directly owned 567,132 shares of the company’s stock, valued at $18,278,664.36. The trade was a 0.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 10th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00.
• 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.

Hippo Trading Down 0.2%

Shares of Hippo stock traded down $0.07 during midday trading on Friday, reaching $31.98. 12,318 shares of the company’s stock traded hands, compared to its average volume of 143,009. The stock has a 50 day moving average of $31.34 and a 200-day moving average of $28.26. Hippo Holdings Inc. has a 12 month low of $24.08 and a 12 month high of $38.98. The company has a market cap of $844.08 million, a PE ratio of 6.88 and a beta of 1.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hippo in a report on Friday, July 31st. Keefe, Bruyette & Woods raised their price objective 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. Zacks Research raised Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Texas Capital upgraded shares of Hippo to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, B. Riley Financial reiterated a “buy” rating and set a $41.50 target price (up from $38.00) on shares of Hippo in a research report on Monday, August 3rd. Two 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $40.50.

Hedge Funds Weigh In On Hippo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Hippo by 17.8% during the 2nd quarter. BlackRock Inc. now owns 1,498,306 shares of the company’s stock worth $42,342,000 after acquiring an additional 226,533 shares in the last quarter. Vanguard Group Inc. grew its holdings in Hippo by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock valued at $40,085,000 after purchasing an additional 55,394 shares during the last quarter. Geode Capital Management LLC raised its position in Hippo by 24.1% in the 4th quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock worth $16,760,000 after purchasing an additional 108,359 shares during the period. California State Teachers Retirement System lifted its stake in Hippo by 55,702.6% in the second quarter. California State Teachers Retirement System now owns 540,727 shares of the company’s stock worth $15,281,000 after purchasing an additional 539,758 shares during the last quarter. Finally, Westerly Capital Management LLC boosted its position in shares of Hippo by 24.3% during the fourth quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock valued at $12,634,000 after buying an additional 82,000 shares during the period. 43.01% of the stock is owned by institutional investors.

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.