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 on Monday, May 11th. The shares were sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the sale, the chief executive officer owned 604,212 shares in the company, valued at approximately $16,374,145.20. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, April 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $26.05, for a total value of $130,250.00.
• On Monday, March 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $25.86, for a total value of $129,300.00.

Hippo Stock Performance

Shares of HIPO stock opened at $26.65 on Friday. The stock’s 50-day moving average is $26.75 and its two-hundred day moving average is $29.61. The firm has a market cap of $27.75 million, a price-to-earnings ratio of 6.17 and a beta of 1.53. Hippo Holdings Inc. has a 1 year low of $21.80 and a 1 year high of $38.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.99.

Hippo (NYSE:HIPO) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.67 earnings per share (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 for the quarter. Analysts predict that Hippo Holdings Inc. will post 1.03 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on HIPO. B. Riley Financial began coverage on Hippo in a report on Friday, April 17th. They set a “buy” rating and a $38.00 price target on the stock. Weiss Ratings raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods raised their price target on Hippo from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Finally, Zacks Research raised Hippo to a “hold” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.33.

Institutional Investors Weigh In On Hippo

A number of hedge funds have recently added to or reduced their stakes in HIPO. Stoic Point Capital Management LLC acquired a new stake in Hippo in the fourth quarter valued at about $7,490,000. Jacobs Levy Equity Management Inc. acquired a new stake in Hippo in the third quarter valued at about $5,842,000. Geode Capital Management LLC lifted its position in Hippo by 24.1% in the fourth quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock valued at $16,760,000 after purchasing an additional 108,359 shares during the period. Sei Investments Co. acquired a new stake in Hippo in the second quarter valued at about $2,810,000. Finally, Nuveen LLC lifted its position in Hippo by 238.6% in the fourth quarter. Nuveen LLC now owns 140,527 shares of the company’s stock valued at $4,227,000 after purchasing an additional 99,020 shares during the period. Institutional investors and hedge funds 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.