Key Points
- CEO Richard Mccathron sold 5,000 shares on Dec. 9 at an average price of $29.82 for $149,100, reducing his stake by 1.09% to 452,704 shares (≈$13.5M).
- Hippo beat Q3 estimates, reporting $0.70 EPS vs. $0.04 expected and $120.6M revenue with a 21.3% net margin, but analysts still forecast -$3.63 EPS for the current fiscal year.
- Analyst sentiment is mixed but mildly positive overall: a consensus rating of "Moderate Buy" with an average price target of $37.50, and institutional ownership around 43% of the stock.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Richard Mccathron sold 5,000 shares of the business's stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $29.82, for a total transaction of $149,100.00. Following the completion of the sale, the chief executive officer owned 452,704 shares of the company's stock, valued at approximately $13,499,633.28. This represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Hippo Price Performance
Shares of HIPO opened at $30.73 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50 day moving average price of $33.94 and a 200-day moving average price of $31.36. Hippo Holdings Inc. has a fifty-two week low of $19.92 and a fifty-two week high of $38.98. The stock has a market capitalization of $778.39 million, a PE ratio of 8.49 and a beta of 1.57.
Hippo (NYSE:HIPO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.66. The company had revenue of $120.60 million during the quarter, compared to the consensus estimate of $117.75 million. Hippo had a net margin of 21.30% and a negative return on equity of 5.89%. Equities analysts predict that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Hippo from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Wednesday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hippo in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Hippo from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Citigroup restated an "outperform" rating on shares of Hippo in a report on Tuesday, October 14th. Finally, JMP Securities set a $45.00 price objective on shares of Hippo and gave the stock a "market outperform" rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.50.
Check Out Our Latest Stock Analysis on HIPO
Hedge Funds Weigh In On Hippo
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in Hippo in the 3rd quarter worth approximately $963,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Hippo in the third quarter worth $5,842,000. Voleon Capital Management LP acquired a new stake in shares of Hippo during the third quarter worth $1,048,000. Westerly Capital Management LLC lifted its stake in shares of Hippo by 3.7% during the third quarter. Westerly Capital Management LLC now owns 338,000 shares of the company's stock worth $12,222,000 after buying an additional 12,000 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Hippo in the 3rd quarter valued at $125,000. 43.01% of the stock is owned by hedge funds and other institutional investors.
Hippo Company Profile
(
Get Free Report)
Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.
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