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 dated Monday, March 9th. The shares were sold at an average price of $25.86, for a total transaction of $129,300.00. Following the completion of the transaction, the chief executive officer owned 615,650 shares in the company, valued at approximately $15,920,709. This trade represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, February 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $29.14, for a total transaction of $145,700.00.
• On Friday, January 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $31.52, for a total value of $157,600.00.

Hippo Price Performance

Hippo stock opened at $25.05 on Friday. Hippo Holdings Inc. has a 12 month low of $19.92 and a 12 month high of $38.98. The stock’s 50 day moving average is $29.21 and its 200-day moving average is $32.25. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $634.54 million, a price-to-earnings ratio of 11.71 and a beta of 1.57.

Analysts Set New Price Targets

A number of research analysts have commented on HIPO shares. Weiss Ratings raised Hippo from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Keefe, Bruyette & Woods reduced their target price on shares of Hippo from $34.00 to $33.00 and set a “market perform” rating for the company in a research report on Friday, March 6th. Finally, Zacks Research upgraded shares of Hippo to a “hold” rating in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Hippo presently has an average rating of “Moderate Buy” and an average price target of $37.25.

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently added to or reduced their stakes in HIPO. Hood River Capital Management LLC acquired a new position in Hippo in the 2nd quarter valued at $13,665,000. Stoic Point Capital Management LLC acquired a new stake in shares of Hippo during the 4th quarter worth $7,490,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Hippo during the 3rd quarter worth $5,842,000. Geode Capital Management LLC increased its position in shares of Hippo by 24.1% in the fourth quarter. Geode Capital Management LLC now owns 557,066 shares of the company’s stock worth $16,760,000 after purchasing an additional 108,359 shares during the period. Finally, Sei Investments Co. bought a new position in shares of Hippo in the second quarter worth $2,810,000. Institutional investors own 43.01% of the company’s stock.

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.