Hippo (NYSE:HIPO) CEO Sells $157,600.00 in 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 transaction, the chief executive officer directly owned 447,704 shares in the company, valued at approximately $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 is available at this hyperlink.

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

• 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 Trading Down 3.6%

Shares of HIPO stock traded down $1.14 during trading hours on Tuesday, hitting $30.22. The company had a trading volume of 161,403 shares, compared to its average volume of 152,762. Hippo Holdings Inc. has a fifty-two week low of $19.92 and a fifty-two week high of $38.98. The company’s fifty day moving average is $31.76 and its 200 day moving average is $32.10. The stock has a market capitalization of $765.52 million, a PE ratio of 8.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on HIPO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hippo in a report on Wednesday, October 8th. 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 report on Wednesday, December 10th. Zacks Research raised Hippo from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 14th. Wall Street Zen cut shares of Hippo from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, JMP Securities set a $45.00 target price on shares of Hippo and gave the stock a “market outperform” rating in a research 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 assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Institutional Trading of Hippo

A number of hedge funds and other institutional investors have recently modified their holdings of HIPO. Quantbot Technologies LP acquired a new position in shares of Hippo in the second quarter worth about $33,000. AlphaQuest LLC raised its holdings in shares of Hippo by 109.5% during the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after acquiring an additional 654 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Hippo by 12.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock valued at $125,000 after buying an additional 489 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Hippo in the third quarter worth approximately $125,000. Finally, State of Wyoming acquired a new position in Hippo during the second quarter worth $127,000. Institutional investors own 43.01% of the company’s stock.

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.