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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $31.52, for a total transaction of $157,600.00. Following the completion of the transaction, the chief executive officer directly owned 447,704 shares of the company’s stock, valued at $14,111,630.08. The trade was a 1.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, December 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $29.82, for a total transaction of $149,100.00.

Hippo Stock Performance

NYSE:HIPO opened at $30.22 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $765.52 million, a PE ratio of 8.35 and a beta of 1.57. The firm has a 50 day simple moving average of $31.65 and a 200-day simple moving average of $32.11. Hippo Holdings Inc. has a 1-year low of $19.92 and a 1-year high of $38.98.

Hippo (NYSE:HIPO) last released its earnings results on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.04 by $0.66. The firm had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $117.75 million. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. On average, equities analysts expect that Hippo Holdings Inc. will post -3.63 EPS for the current year.

Institutional Investors Weigh In On Hippo

Several institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of Hippo in the 2nd quarter valued at $33,000. AlphaQuest LLC increased its holdings in Hippo by 109.5% in the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after purchasing an additional 654 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in Hippo by 12.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock valued at $125,000 after purchasing an additional 489 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Hippo during the third quarter worth about $125,000. Finally, State of Wyoming acquired a new position in shares of Hippo during the second quarter worth about $127,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HIPO has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Hippo in a report on Wednesday, October 8th. Zacks Research upgraded shares of Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. JMP Securities set a $45.00 price target on shares of Hippo and gave the stock a “market outperform” rating in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Wednesday, December 10th. Finally, Citigroup restated an “outperform” rating on shares of Hippo in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.50.

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.