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 company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $28.53, for a total value of $142,650.00. Following the transaction, the chief executive officer owned 585,433 shares of the company’s stock, valued at approximately $16,702,403.49. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were sold at an average price of $27.10, for a total value of $135,500.00.

Hippo Stock Performance

Shares of HIPO opened at $28.44 on Wednesday. Hippo Holdings Inc. has a 1 year low of $24.08 and a 1 year high of $38.98. The company has a market cap of $740.50 million, a price-to-earnings ratio of 6.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $26.59 and a 200-day moving average of $27.73.

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

Hedge Funds Weigh In On Hippo

Several large investors have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its stake in Hippo by 4.0% during the third quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock valued at $288,000 after buying an additional 310 shares in the last quarter. Altshuler Shaham Ltd raised its position in Hippo by 270.4% in the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares in the last quarter. Deutsche Bank AG raised its position in Hippo by 1.2% in the fourth quarter. Deutsche Bank AG now owns 60,005 shares of the company’s stock worth $1,805,000 after acquiring an additional 736 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Hippo by 5.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 16,420 shares of the company’s stock valued at $494,000 after acquiring an additional 812 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Hippo by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,588 shares of the company’s stock valued at $740,000 after acquiring an additional 834 shares during the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. 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 report on Monday, May 4th. B. Riley Financial initiated coverage on Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised their target price on Hippo from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.67.

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.