Hippo (NYSE:HIPO) CEO Sells $161,150.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard McCathron sold 5,000 shares of Hippo stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $32.23, for a total transaction of $161,150.00. Following the completion of the sale, the chief executive officer owned 567,132 shares of the company’s stock, valued at $18,278,664.36. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $32.00, for a total transaction 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 transaction of $142,650.00.

Hippo Trading Down 0.2%

NYSE:HIPO opened at $31.94 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. Hippo Holdings Inc. has a 12 month low of $24.08 and a 12 month high of $38.98. The company has a market cap of $842.90 million, a PE ratio of 6.87 and a beta of 1.55. The company has a 50 day simple moving average of $31.40 and a two-hundred day simple moving average of $28.29.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Hippo during the 4th quarter valued at approximately $26,000. Altshuler Shaham Ltd raised its stake in Hippo by 270.4% during the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares during the period. Quantbot Technologies LP purchased a new position in Hippo during the second quarter valued at approximately $33,000. Kemnay Advisory Services Inc. bought a new position in shares of Hippo in the fourth quarter worth approximately $56,000. Finally, Royal Bank of Canada increased its stake in shares of Hippo by 109.4% in the fourth quarter. Royal Bank of Canada now owns 3,174 shares of the company’s stock worth $95,000 after purchasing an additional 1,658 shares in the last quarter. Institutional investors own 43.01% of the company’s stock.

About Hippo

Hippo Holdings Inc (NYSE:HIPO) is an insurance technology company focused on homeowners insurance in the United States. The company uses digital tools, data analytics and automation to simplify the process of obtaining and managing home insurance coverage.

Hippo’s offerings are designed to protect homes and personal property against covered risks such as damage from weather events, fire and theft. Its platform also emphasizes proactive home protection, including educational resources, monitoring tools and connected-home devices intended to help homeowners identify and address potential risks before they result in costly claims.

Founded in 2015 by Assaf Wand and Eyal Navon, Hippo expanded through a technology-driven, digitally distributed insurance model.