Hippo Holdings Inc. (NYSE:HIPO – Get Free Report) CEO Richard Mccathron sold 5,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the transaction, the chief executive officer owned 580,433 shares in the company, valued at $18,573,856. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Richard Mccathron also recently made the following trade(s):
- On Thursday, July 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $28.53, for a total transaction of $142,650.00.
- 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.
Hippo Stock Performance
Shares of HIPO opened at $33.04 on Friday. The company has a market capitalization of $871.85 million, a PE ratio of 7.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.95. The company’s 50 day moving average price is $28.77 and its 200 day moving average price is $27.76. Hippo Holdings Inc. has a 52 week low of $24.08 and a 52 week high of $38.98.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Zacks Research upgraded Hippo from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Keefe, Bruyette & Woods boosted their target price on Hippo from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hippo in a research report on Friday, July 31st. B. Riley Financial reiterated a “buy” rating and set a $41.50 price target (up from $38.00) on shares of Hippo in a report on Monday, August 3rd. Finally, Texas Capital upgraded Hippo to a “strong-buy” rating in a report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $40.50.
Get Our Latest Research Report on HIPO
Institutional Investors Weigh In On Hippo
Several institutional investors and hedge funds have recently modified their holdings of HIPO. Intech Investment Management LLC increased its position in Hippo by 4.0% during the third quarter. Intech Investment Management LLC now owns 7,968 shares of the company’s stock worth $288,000 after buying an additional 310 shares during the last quarter. Altshuler Shaham Ltd lifted its position in shares of Hippo by 270.4% in the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 730 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Hippo by 1.2% in the fourth quarter. Deutsche Bank AG now owns 60,005 shares of the company’s stock worth $1,805,000 after buying an additional 736 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Hippo by 5.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 16,420 shares of the company’s stock worth $494,000 after acquiring an additional 812 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Hippo by 3.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,588 shares of the company’s stock worth $740,000 after acquiring an additional 834 shares in the last quarter. 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.
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