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 stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.23, for a total value of $161,150.00. Following the completion of the transaction, the chief executive officer directly owned 567,132 shares of the company’s stock, valued at $18,278,664.36. This represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, August 10th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $32.00, for a total value of $160,000.00.
• On Thursday, July 9th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $28.53, for a total value of $142,650.00.

Hippo Stock Performance

Shares of HIPO opened at $31.94 on Friday. The firm has a market cap of $842.90 million, a price-to-earnings ratio of 6.87 and a beta of 1.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $31.40 and its two-hundred day moving average is $28.29. Hippo Holdings Inc. has a 52-week low of $24.08 and a 52-week high of $38.98.

Hippo (NYSE:HIPO) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.96. The business had revenue of $144.70 million during the quarter, compared to the consensus estimate of $137.44 million. Hippo had a net margin of 23.92% and a return on equity of 10.68%. Analysts forecast that Hippo Holdings Inc. will post 1.5 EPS for the current fiscal year.

Institutional Trading of Hippo

Institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. boosted its stake in Hippo by 25.4% in the first quarter. Sei Investments Co. now owns 161,440 shares of the company’s stock valued at $4,207,000 after acquiring an additional 32,728 shares during the period. Citadel Advisors LLC grew its holdings in shares of Hippo by 90.5% during the second quarter. Citadel Advisors LLC now owns 140,734 shares of the company’s stock valued at $3,977,000 after purchasing an additional 66,863 shares during the last quarter. AWM Investment Company Inc. acquired a new stake in shares of Hippo during the 2nd quarter worth approximately $2,826,000. Hsbc Holdings PLC bought a new stake in shares of Hippo in the 4th quarter worth approximately $620,000. Finally, BlackRock Inc. boosted its position in Hippo by 17.8% during the 2nd quarter. BlackRock Inc. now owns 1,498,306 shares of the company’s stock valued at $42,342,000 after purchasing an additional 226,533 shares during the period. 43.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on HIPO. Zacks Research raised shares of Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. B. Riley Financial reiterated a “buy” rating and issued a $41.50 price target (up from $38.00) on shares of Hippo in a research note on Monday, August 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Hippo in a report on Friday, July 31st. Texas Capital upgraded Hippo to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods increased their target price on Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Hippo has a consensus rating of “Buy” and a consensus price target of $40.50.

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.