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 business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $29.82, for a total value of $149,100.00. Following the transaction, the chief executive officer directly owned 452,704 shares in the company, valued at $13,499,633.28. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hippo Stock Performance

Shares of HIPO traded up $0.53 during trading hours on Thursday, hitting $30.60. The company had a trading volume of 175,805 shares, compared to its average volume of 203,539. The business has a fifty day moving average of $34.05 and a 200-day moving average of $31.37. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm has a market cap of $775.10 million, a price-to-earnings ratio of 8.45 and a beta of 1.57. Hippo Holdings Inc. has a 12 month low of $19.92 and a 12 month high of $38.98.

Hippo (NYSE:HIPO) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.66. The business had revenue of $120.60 million for the quarter, compared to analyst estimates of $117.75 million. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. Equities analysts anticipate that Hippo Holdings Inc. will post -3.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Hippo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in shares of Hippo during the 3rd quarter worth approximately $963,000. Jacobs Levy Equity Management Inc. bought a new stake in Hippo during the third quarter worth $5,842,000. Voleon Capital Management LP acquired a new stake in shares of Hippo in the 3rd quarter valued at $1,048,000. Westerly Capital Management LLC boosted its holdings in shares of Hippo by 3.7% in the 3rd quarter. Westerly Capital Management LLC now owns 338,000 shares of the company’s stock valued at $12,222,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Hippo in the 3rd quarter valued at $125,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HIPO shares. Zacks Research raised Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hippo in a report on Wednesday, October 8th. JMP Securities set a $45.00 price target on shares of Hippo and gave the company a “market outperform” rating in a research note on Tuesday, October 14th. Citigroup reiterated an “outperform” rating on shares of Hippo in a research note on Tuesday, October 14th. Finally, Wall Street Zen downgraded shares of Hippo from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Hippo presently has an average rating of “Moderate Buy” and an average target price of $37.50.

About Hippo

Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.