Insider Selling: Hippo (NYSE:HIPO) CEO Sells 5,000 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $29.14, for a total value of $145,700.00. Following the sale, the chief executive officer owned 442,704 shares of the company’s stock, valued at $12,900,394.56. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Hippo Stock Down 2.0%

HIPO stock traded down $0.58 during midday trading on Wednesday, hitting $27.75. 177,525 shares of the company’s stock were exchanged, compared to its average volume of 129,726. The firm has a 50 day moving average price of $30.55 and a 200-day moving average price of $32.54. Hippo Holdings Inc. has a 12-month low of $19.92 and a 12-month high of $38.98. The stock has a market capitalization of $703.01 million, a price-to-earnings ratio of 7.67 and a beta of 1.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

Several research firms recently issued reports on HIPO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hippo in a report on Thursday, January 22nd. JMP Securities set a $45.00 target price on shares of Hippo and gave the stock a “market outperform” rating in a research report on Tuesday, October 14th. Citigroup reaffirmed an “outperform” rating on shares of Hippo in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods boosted their price objective on Hippo from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Wednesday, December 10th. Finally, Zacks Research raised Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.50.

Institutional Investors Weigh In On Hippo

Several large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Hippo during the second quarter valued at approximately $33,000. AlphaQuest LLC grew its position in Hippo by 109.5% in the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after buying an additional 654 shares during the last quarter. Torren Management LLC bought a new position in shares of Hippo in the fourth quarter valued at $55,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hippo during the 4th quarter valued at $71,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Hippo by 12.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company’s stock valued at $125,000 after acquiring an additional 489 shares during the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

About Hippo

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.