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 business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $28.53, for a total transaction of $142,650.00. Following the transaction, the chief executive officer owned 585,433 shares in the company, valued at approximately $16,702,403.49. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, June 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00.
• On Monday, May 11th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00.

Hippo Stock Performance

HIPO stock traded up $0.89 during trading on Monday, reaching $29.65. 189,280 shares of the stock were exchanged, compared to its average volume of 133,365. Hippo Holdings Inc. has a twelve month low of $24.08 and a twelve month high of $38.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $30.87 million, a P/E ratio of 6.86 and a beta of 1.49. The stock has a 50 day simple moving average of $26.52 and a 200-day simple moving average of $27.76.

Hippo (NYSE:HIPO) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 EPS for the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%.The firm had revenue of $120.40 million during the quarter. As a group, sell-side analysts anticipate that Hippo Holdings Inc. will post 0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HIPO has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on Hippo from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Texas Capital raised shares of Hippo to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, B. Riley Financial assumed coverage on shares of Hippo in a research note on Friday, April 17th. They issued a “buy” rating and a $38.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Hippo presently has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Boothbay Fund Management LLC boosted its stake in Hippo by 500.9% in the third quarter. Boothbay Fund Management LLC now owns 60,795 shares of the company’s stock worth $2,198,000 after purchasing an additional 50,677 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Hippo in the third quarter valued at $963,000. Hsbc Holdings PLC acquired a new stake in shares of Hippo in the fourth quarter valued at $620,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Hippo in the fourth quarter valued at about $26,000. Finally, State of Wyoming raised its holdings in shares of Hippo by 164.4% in the fourth quarter. State of Wyoming now owns 11,061 shares of the company’s stock valued at $333,000 after buying an additional 6,877 shares during the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.

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.