Key Points
- CEO sold 5,000 shares: Hippo CEO Richard Mccathron sold 5,000 shares on Jan 9 at an average price of $31.52 for $157,600 (he also sold 5,000 on Dec 9 at $29.82), reducing his stake by about 1.10%.
- Quarterly beat but mixed fundamentals: Hippo reported EPS of $0.70 (vs. $0.04 est.) and revenue of $120.6M (vs. $117.75M), yet it has a negative return on equity (-5.89%); analysts' consensus is a Moderate Buy with an average target of $37.50.
- Stock profile: the shares trade near their 50- and 200-day averages (~$31.65 and $32.11), with a market cap of about $765.5M, a PE ratio of 8.35, and a 12‑month range of $19.92–$38.98.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Richard Mccathron sold 5,000 shares of the company's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $31.52, for a total value of $157,600.00. Following the completion of the transaction, the chief executive officer owned 447,704 shares of the company's stock, valued at approximately $14,111,630.08. This represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Richard Mccathron also recently made the following trade(s):
- On Tuesday, December 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $29.82, for a total transaction of $149,100.00.
Hippo Price Performance
Shares of HIPO stock opened at $30.22 on Wednesday. The company has a market capitalization of $765.52 million, a PE ratio of 8.35 and a beta of 1.57. The firm has a fifty day simple moving average of $31.65 and a 200-day simple moving average of $32.11. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. Hippo Holdings Inc. has a twelve month low of $19.92 and a twelve month high of $38.98.
Hippo (NYSE:HIPO - Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.66. The firm had revenue of $120.60 million for 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 research analysts anticipate that Hippo Holdings Inc. will post -3.63 earnings per share for the current fiscal year.
Institutional Trading of Hippo
A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of Hippo in the 2nd quarter worth about $33,000. AlphaQuest LLC raised its stake in Hippo by 109.5% during the third quarter. AlphaQuest LLC now owns 1,251 shares of the company's stock worth $45,000 after acquiring an additional 654 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Hippo during the third quarter worth about $125,000. Strs Ohio bought a new position in Hippo in the third quarter worth about $159,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in Hippo by 12.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company's stock valued at $125,000 after acquiring an additional 489 shares during the period. 43.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on HIPO shares. JMP Securities set a $45.00 price objective on Hippo and gave the company a "market outperform" rating in a research note on Tuesday, October 14th. Citigroup reissued an "outperform" rating on shares of Hippo in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hippo in a report on Wednesday, October 8th. Zacks Research raised shares of Hippo from a "hold" rating to a "strong-buy" rating in a report on Friday, November 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hippo from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hippo currently has a consensus rating of "Moderate Buy" and an average target price of $37.50.
Read Our Latest Stock Report on Hippo
About Hippo
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
