Hippo (NYSE:HIPO) CEO Richard Mccathron Sells 5,000 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $28.53, for a total value of $142,650.00. Following the completion of the transaction, the chief executive officer directly owned 585,433 shares of the company’s stock, valued at $16,702,403.49. This represents a 0.85% 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 Tuesday, June 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $25.00, for a total value of $125,000.00.
• 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.

Hippo Stock Performance

Shares of HIPO opened at $29.65 on Tuesday. The business’s 50 day moving average is $26.58 and its two-hundred day moving average is $27.75. Hippo Holdings Inc. has a 52-week low of $24.08 and a 52-week high of $38.98. The firm has a market cap of $772.14 million, a price-to-earnings ratio of 6.86 and a beta of 1.49. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11.

Hippo (NYSE:HIPO) last released its earnings results on Wednesday, March 4th. The company reported $0.67 EPS for the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%.The company had revenue of $120.40 million during the quarter. Analysts forecast that Hippo Holdings Inc. will post 0.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Hippo

Several large investors have recently added to or reduced their stakes in HIPO. Stoic Point Capital Management LLC boosted its holdings in Hippo by 0.8% in the first quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock worth $6,544,000 after purchasing an additional 2,100 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Hippo by 118.7% during the first quarter. Quantinno Capital Management LP now owns 17,529 shares of the company’s stock worth $457,000 after purchasing an additional 9,515 shares during the period. Sei Investments Co. raised its holdings in shares of Hippo by 25.4% during the first quarter. Sei Investments Co. now owns 161,440 shares of the company’s stock worth $4,207,000 after purchasing an additional 32,728 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Hippo by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock worth $10,291,000 after buying an additional 29,993 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Hippo in the 1st quarter worth about $253,000. 43.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HIPO shares. Keefe, Bruyette & Woods raised their price objective on shares of Hippo from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. Texas Capital upgraded shares of Hippo to a “strong-buy” rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, B. Riley Financial began coverage on Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

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.