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 on Thursday, April 9th. The shares were sold at an average price of $26.05, for a total value of $130,250.00. Following the completion of the sale, the chief executive officer directly owned 610,650 shares in the company, valued at approximately $15,907,432.50. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 value of $129,300.00.
• On Monday, February 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $29.14, for a total value of $145,700.00.

Hippo Price Performance

Shares of HIPO stock traded up $0.93 during trading hours on Monday, reaching $26.58. The company’s stock had a trading volume of 83,435 shares, compared to its average volume of 130,082. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a fifty-two week low of $19.92 and a fifty-two week high of $38.98. The company has a market capitalization of $690.23 million, a price-to-earnings ratio of 12.42 and a beta of 1.61. The firm’s 50 day simple moving average is $27.13 and its 200-day simple moving average is $30.82.

Analyst Ratings Changes

HIPO has been the topic of several recent research reports. Zacks Research raised Hippo to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings upgraded Hippo from a “sell (d-)” rating to a “hold (c-)” rating in a report on Thursday, March 5th. Finally, Keefe, Bruyette & Woods reduced their target price on Hippo from $33.00 to $30.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Hedge Funds Weigh In On Hippo

A number of hedge funds have recently added to or reduced their stakes in HIPO. Vanguard Group Inc. boosted its stake in shares of Hippo by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,108,547 shares of the company’s stock worth $40,085,000 after buying an additional 55,394 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Hippo by 24.1% in the 4th 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. Westerly Capital Management LLC raised its holdings in shares of Hippo by 24.3% in the 4th quarter. Westerly Capital Management LLC now owns 420,000 shares of the company’s stock worth $12,634,000 after purchasing an additional 82,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hippo by 17.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 364,914 shares of the company’s stock valued at $10,977,000 after acquiring an additional 53,174 shares during the period. Finally, Stoic Point Capital Management LLC bought a new stake in shares of Hippo during the fourth quarter valued at about $7,490,000. 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.