Hippo Holdings Inc. (NYSE:HIPO – Get Free Report) CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the sale, the chief executive officer directly owned 590,433 shares in the company, valued at approximately $14,760,825. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Richard Mccathron also recently made the following trade(s):
- 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.
- On Thursday, April 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $26.05, for a total transaction of $130,250.00.
Hippo Stock Performance
Shares of HIPO stock traded down $0.30 on Thursday, reaching $25.40. The stock had a trading volume of 87,626 shares, compared to its average volume of 124,872. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $26.60 and its two-hundred day moving average is $28.41. The firm has a market capitalization of $661.29 million, a price-to-earnings ratio of 5.88 and a beta of 1.51. Hippo Holdings Inc. has a 12 month low of $24.08 and a 12 month high of $38.98.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in HIPO. Caitong International Asset Management Co. Ltd bought a new position in shares of Hippo during the fourth quarter worth approximately $26,000. Altshuler Shaham Ltd increased its holdings in shares of Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 730 shares during the period. Quantbot Technologies LP bought a new position in shares of Hippo during the second quarter worth approximately $33,000. AlphaQuest LLC increased its holdings in shares of Hippo by 109.5% during the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after purchasing an additional 654 shares during the period. Finally, Torren Management LLC bought a new position in shares of Hippo during the fourth quarter worth approximately $55,000. 43.01% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on HIPO shares. Keefe, Bruyette & Woods increased their price target on shares of Hippo from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. B. Riley Financial started coverage on shares of Hippo in a report on Friday, April 17th. They issued a “buy” rating and a $38.00 price target on the stock. Texas Capital raised shares of Hippo to a “strong-buy” rating in a report on Tuesday. Zacks Research raised shares of Hippo to a “hold” rating in a report on Tuesday, March 3rd. 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 investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.33.
Get Our Latest Stock Analysis on HIPO
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.
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