Hippo (NYSE:HIPO) CEO Sells $135,500.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00. Following the transaction, the chief executive officer directly owned 604,212 shares of the company’s stock, valued at $16,374,145.20. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, April 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $26.05, for a total transaction of $130,250.00.
• On Monday, March 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $25.86, for a total transaction of $129,300.00.

Hippo Stock Down 2.9%

Hippo stock opened at $25.96 on Friday. Hippo Holdings Inc. has a twelve month low of $21.80 and a twelve month high of $38.98. The firm has a 50 day moving average price of $26.71 and a 200-day moving average price of $29.59. The company has a market capitalization of $675.92 million, a P/E ratio of 6.01 and a beta of 1.53. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11.

Hippo (NYSE:HIPO) last released its earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share for the quarter. Hippo had a net margin of 23.45% and a return on equity of 12.17%. The firm had revenue of $120.40 million during the quarter. As a group, equities analysts predict that Hippo Holdings Inc. will post 1.03 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Hippo in the 4th quarter valued at $26,000. Altshuler Shaham Ltd boosted its holdings in Hippo by 270.4% in the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 730 shares during the period. Quantbot Technologies LP bought a new position in Hippo in the 2nd quarter valued at $33,000. AlphaQuest LLC boosted its holdings in Hippo by 109.5% in the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock valued at $45,000 after purchasing an additional 654 shares during the period. Finally, Torren Management LLC bought a new position in Hippo in the 4th quarter valued at $55,000. 43.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HIPO shares. Keefe, Bruyette & Woods raised their price objective on shares of Hippo from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Zacks Research raised shares of Hippo to a “hold” rating in a report on Tuesday, March 3rd. Finally, B. Riley Financial started coverage on shares of Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.33.

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.