Hippo Holdings Inc. (NYSE:HIPO – Get Free Report) CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $28.53, for a total value of $142,650.00. Following the transaction, the chief executive officer owned 585,433 shares of the company’s stock, valued at $16,702,403.49. This represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value 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 value of $135,500.00.
Hippo Stock Performance
HIPO stock opened at $28.52 on Thursday. 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 stock has a market capitalization of $742.55 million, a price-to-earnings ratio of 6.60 and a beta of 1.49. Hippo Holdings Inc. has a 1 year low of $24.08 and a 1 year high of $38.98. The stock’s fifty day moving average is $26.61 and its two-hundred day moving average is $27.71.
Institutional Investors Weigh In On Hippo
Several institutional investors have recently bought and sold shares of HIPO. Caitong International Asset Management Co. Ltd acquired a new position in Hippo during the 4th quarter valued at about $26,000. Altshuler Shaham Ltd lifted its stake in shares of Hippo by 270.4% in the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 730 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Hippo in the 2nd quarter worth approximately $33,000. Torren Management LLC bought a new position in shares of Hippo in the fourth quarter valued at approximately $55,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Hippo in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 43.01% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on HIPO shares. Keefe, Bruyette & Woods raised their price target on shares of Hippo from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. B. Riley Financial started coverage on Hippo in a research report on Friday, April 17th. They set a “buy” rating and a $38.00 price objective for the company. Texas Capital raised Hippo to a “strong-buy” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One investment 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.67.
View Our Latest Stock Report on Hippo
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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