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 Hippo stock in a transaction on Monday, November 9th. The shares were sold at an average price of $35.25, for a total transaction of $176,250.00. Following the sale, the chief executive officer directly owned 557,132 shares of the company’s stock, valued at $19,638,903. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were 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 shares were sold at an average price of $32.23, for a total transaction of $161,150.00.

Hippo Trading Up 1.0%

NYSE HIPO opened at $36.99 on Friday. Hippo Holdings Inc. has a 1-year low of $24.08 and a 1-year high of $39.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $984.78 million, a PE ratio of 30.57 and a beta of 1.60. The firm’s fifty day simple moving average is $34.07 and its 200-day simple moving average is $29.69.

Analysts Set New Price Targets

Several research analysts have weighed in on HIPO shares. Keefe, Bruyette & Woods upped their target price on Hippo from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 3rd. Wall Street Zen raised Hippo from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Hippo in a report on Thursday, October 29th. Zacks Research cut Hippo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, B. Riley Financial reissued a “buy” rating and issued a $50.00 price target (up from $41.50) on shares of Hippo in a research note on Friday, October 30th. One 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Institutional Investors Weigh In On Hippo

A number of large investors have recently bought and sold shares of HIPO. State of Alaska Department of Revenue acquired a new position in Hippo during the third quarter worth $31,000. State of Wyoming lifted its position in shares of Hippo by 22.9% in the second quarter. State of Wyoming now owns 8,666 shares of the company’s stock worth $245,000 after buying an additional 1,612 shares during the last quarter. Stoic Point Capital Management LLC boosted its stake in shares of Hippo by 0.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock worth $6,544,000 after acquiring an additional 2,100 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Hippo by 306.0% during the 3rd 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. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Hippo during the 2nd quarter worth about $178,000. 43.01% of the stock is currently owned by institutional investors.

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.