Hippo (NYSE:HIPO) CEO Sells $142,650.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were 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 $16,702,403.49. This represents a 0.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, June 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was 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 stock was sold at an average price of $27.10, for a total transaction of $135,500.00.

Hippo Stock Up 3.1%

Hippo stock traded up $0.89 during mid-day trading on Monday, hitting $29.65. 189,280 shares of the company’s stock were exchanged, compared to its average volume of 133,365. Hippo Holdings Inc. has a 1-year low of $24.08 and a 1-year high of $38.98. The stock has a 50 day moving average of $26.52 and a two-hundred day moving average of $27.76. 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 stock has a market cap of $30.87 million, a P/E ratio of 6.86 and a beta of 1.49.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on HIPO shares. Texas Capital raised Hippo to a “strong-buy” rating in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods lifted their price target on shares of Hippo from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. B. Riley Financial began 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. Finally, Weiss Ratings raised shares of Hippo from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Hedge Funds Weigh In On Hippo

Large investors have recently made changes to their positions in the business. Stoic Point Capital Management LLC boosted its stake in Hippo by 0.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock valued at $6,544,000 after purchasing an additional 2,100 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Hippo by 118.7% during the first quarter. Quantinno Capital Management LP now owns 17,529 shares of the company’s stock worth $457,000 after buying an additional 9,515 shares during the last quarter. Sei Investments Co. boosted its position in shares of Hippo by 25.4% in the first quarter. Sei Investments Co. now owns 161,440 shares of the company’s stock valued at $4,207,000 after acquiring an additional 32,728 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Hippo by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock worth $10,291,000 after acquiring an additional 29,993 shares during the last quarter. Finally, R Squared Ltd bought a new position in Hippo during the first quarter worth $253,000. 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.