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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard McCathron sold 5,000 shares of the firm’s stock in a transaction dated 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 trade 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 available through this link.

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

• On Monday, August 10th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $32.00, for a total value 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 value of $142,650.00.

Hippo Stock Down 0.4%

Shares of NYSE:HIPO opened at $31.94 on Friday. The firm has a market capitalization of $842.86 million, a P/E ratio of 6.87 and a beta of 1.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average price of $31.40 and a 200-day moving average price of $28.29. Hippo Holdings Inc. has a 52-week low of $24.08 and a 52-week high of $38.98.

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 company had revenue of $144.70 million for the quarter, compared to analyst estimates of $137.44 million. Hippo had a return on equity of 10.68% and a net margin of 23.92%. As a group, equities research analysts anticipate that Hippo Holdings Inc. will post 1.5 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Hippo

A number of institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC lifted its position in Hippo by 4.0% in the 3rd quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock valued at $288,000 after acquiring an additional 310 shares in the last quarter. Altshuler Shaham Ltd increased its holdings in shares of Hippo by 270.4% in the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 730 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Hippo by 1.2% in the fourth quarter. Deutsche Bank AG now owns 60,005 shares of the company’s stock worth $1,805,000 after purchasing an additional 736 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Hippo by 5.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 16,420 shares of the company’s stock worth $494,000 after purchasing an additional 812 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Hippo by 3.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,588 shares of the company’s stock valued at $740,000 after purchasing an additional 834 shares in the last quarter. Hedge funds and other 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.