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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard McCathron sold 5,000 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $35.25, for a total value of $176,250.00. Following the completion of the sale, the chief executive officer directly owned 557,132 shares of the company’s stock, valued at $19,638,903. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, October 9th, Richard McCathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $34.18, for a total value of $170,900.00.
• On Wednesday, September 9th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $32.23, for a total value of $161,150.00.

Hippo Stock Performance

HIPO traded up $0.38 during trading on Thursday, hitting $36.99. 160,555 shares of the stock were exchanged, compared to its average volume of 162,747. The firm has a market capitalization of $984.85 million, a P/E ratio of 30.57 and a beta of 1.60. Hippo Holdings Inc. has a 1-year low of $24.08 and a 1-year high of $39.39. The stock has a fifty day moving average price of $34.01 and a two-hundred day moving average price of $29.65. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On Hippo

Several large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Hippo during the third quarter worth $31,000. State of Wyoming increased its stake in Hippo by 22.9% in the 2nd quarter. State of Wyoming now owns 8,666 shares of the company’s stock valued at $245,000 after buying an additional 1,612 shares during the period. Stoic Point Capital Management LLC raised its position in Hippo by 0.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock worth $6,544,000 after buying an additional 2,100 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Hippo by 306.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,894 shares of the company’s stock worth $120,000 after buying an additional 2,935 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Hippo during the 2nd quarter worth $178,000. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HIPO. B. Riley Financial reaffirmed a “buy” rating and issued a $50.00 target price (up from $41.50) on shares of Hippo in a report on Friday, October 30th. Zacks Research downgraded shares of Hippo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Hippo in a research note on Thursday, October 29th. Wall Street Zen raised shares of Hippo from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Hippo from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Hippo Company Profile

Hippo, Inc. is a technology-focused property and casualty insurance company that provides home insurance and related services in the United States. Its offerings include homeowners, condo, renters and landlord insurance, with coverage and availability varying by state. The company uses digital tools and property data to support insurance quotes, policy management and claims. Hippo also offers services focused on home protection and maintenance, including programs intended to help customers identify and address potential risks before they lead to damage.