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 stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the transaction, the chief executive officer directly owned 590,433 shares of the company’s stock, valued at $14,760,825. This represents a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, May 11th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $27.10, for a total value of $135,500.00.
• On Thursday, April 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $26.05, for a total value of $130,250.00.

Hippo Stock Performance

Hippo stock opened at $25.40 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $661.39 million, a P/E ratio of 5.88 and a beta of 1.51. The stock’s 50 day moving average is $26.58 and its 200 day moving average is $28.37. Hippo Holdings Inc. has a twelve month low of $24.08 and a twelve month high of $38.98.

Hippo (NYSE:HIPO) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share for the quarter. The company had revenue of $120.40 million for the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%. On average, equities research analysts predict that Hippo Holdings Inc. will post 1.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HIPO. Zacks Research upgraded Hippo to a “hold” rating in a research note on Tuesday, March 3rd. Texas Capital upgraded Hippo to a “strong-buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on Hippo from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. B. Riley Financial began coverage on Hippo in a research note on Friday, April 17th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Weiss Ratings upgraded Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hippo has a consensus rating of “Moderate Buy” and an average price target of $38.33.

Institutional Trading of Hippo

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in shares of Hippo by 149.6% in the 3rd quarter. Principal Financial Group Inc. now owns 70,791 shares of the company’s stock worth $2,560,000 after purchasing an additional 42,427 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Hippo by 500.9% in the 3rd quarter. Boothbay Fund Management LLC now owns 60,795 shares of the company’s stock worth $2,198,000 after purchasing an additional 50,677 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Hippo in the 3rd quarter worth $963,000. Caz Investments LP increased its holdings in shares of Hippo by 534.4% in the 4th quarter. Caz Investments LP now owns 4,441 shares of the company’s stock worth $134,000 after purchasing an additional 3,741 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Hippo by 361.4% in the 4th quarter. Strs Ohio now owns 20,300 shares of the company’s stock worth $611,000 after purchasing an additional 15,900 shares in the last quarter. Institutional investors own 43.01% of the company’s stock.

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.