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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the sale, the chief executive officer owned 590,433 shares in the company, valued at $14,760,825. This represents a 0.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, May 11th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00.
• On Thursday, April 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $26.05, for a total transaction of $130,250.00.

Hippo Price Performance

Shares of NYSE HIPO traded down $0.30 during trading hours on Thursday, hitting $25.40. 87,626 shares of the stock were exchanged, compared to its average volume of 124,872. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $661.29 million, a PE ratio of 5.88 and a beta of 1.51. The company’s fifty day simple moving average is $26.60 and its two-hundred day simple moving average is $28.41. Hippo Holdings Inc. has a 1-year low of $24.08 and a 1-year high of $38.98.

Hippo (NYSE:HIPO) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $120.40 million for the quarter. Hippo had a net margin of 23.45% and a return on equity of 12.17%. On average, sell-side analysts predict that Hippo Holdings Inc. will post 1.03 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on HIPO shares. Texas Capital upgraded shares of Hippo to a “strong-buy” rating in a research report on Tuesday. Weiss Ratings upgraded shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. B. Riley Financial started coverage on shares of Hippo in a research report on Friday, April 17th. They issued a “buy” rating and a $38.00 target price on the stock. Zacks Research upgraded shares of Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Hippo from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.33.

Hedge Funds Weigh In On Hippo

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in shares of Hippo by 149.6% during the third quarter. Principal Financial Group Inc. now owns 70,791 shares of the company’s stock worth $2,560,000 after purchasing an additional 42,427 shares during the period. Boothbay Fund Management LLC lifted its holdings in shares of Hippo by 500.9% during 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 during the period. Tudor Investment Corp ET AL acquired a new position in shares of Hippo during the third quarter worth $963,000. JPMorgan Chase & Co. lifted its holdings in shares of Hippo by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 213,658 shares of the company’s stock worth $7,726,000 after purchasing an additional 5,186 shares during the period. Finally, Caz Investments LP lifted its holdings in shares of Hippo by 534.4% during the fourth quarter. Caz Investments LP now owns 4,441 shares of the company’s stock worth $134,000 after purchasing an additional 3,741 shares during the period. 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.