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 firm’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $31.52, for a total transaction of $157,600.00. Following the sale, the chief executive officer owned 447,704 shares in the company, valued at approximately $14,111,630.08. The trade was a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $29.82, for a total transaction of $149,100.00.

Hippo Stock Performance

Shares of NYSE HIPO opened at $30.48 on Thursday. The stock has a market cap of $772.01 million, a PE ratio of 8.42 and a beta of 1.57. Hippo Holdings Inc. has a 1 year low of $19.92 and a 1 year high of $38.98. The firm has a fifty day moving average price of $31.50 and a 200-day moving average price of $32.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94.

Hippo (NYSE:HIPO) last released its earnings results on Tuesday, November 4th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.66. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. The company had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $117.75 million. Equities analysts anticipate that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on HIPO. Citigroup reissued an “outperform” rating on shares of Hippo in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of Hippo from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Zacks Research upgraded shares of Hippo from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Hippo in a research report on Wednesday, October 8th. Finally, JMP Securities set a $45.00 target price on shares of Hippo and gave the company a “market outperform” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hippo has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hood River Capital Management LLC bought a new stake in Hippo in the second quarter worth $13,665,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Hippo in the 3rd quarter worth $5,842,000. Sei Investments Co. bought a new stake in shares of Hippo in the 2nd quarter worth about $2,810,000. Westerly Capital Management LLC raised its position in shares of Hippo by 30.4% during the 2nd quarter. Westerly Capital Management LLC now owns 326,000 shares of the company’s stock valued at $9,105,000 after buying an additional 76,000 shares in the last quarter. Finally, Huntleigh Advisors Inc. bought a new position in shares of Hippo in the 3rd quarter valued at about $2,170,000. 43.01% of the stock is currently owned by institutional investors.

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.