Key Points
- Hippo CEO Richard Mccathron sold 5,000 shares on Feb. 9 at an average price of $29.14 for $145,700, cutting his stake by 1.12% to 442,704 shares (≈$12.9M); the sale was disclosed in an SEC filing.
- Mccathron made similar insider sales recently — 5,000 shares on Jan. 9 at $31.52 and 5,000 on Dec. 9 at $29.82 — suggesting a pattern of periodic selling.
- Stock and analyst snapshot: HIPO opened at $27.75, has a market cap of about $703M, a PE of 7.67 and a one‑year range of $19.92–$38.98, with a consensus "Moderate Buy" price target of $37.50 amid mixed analyst ratings.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Richard Mccathron sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $29.14, for a total value of $145,700.00. Following the completion of the sale, the chief executive officer directly owned 442,704 shares in the company, valued at approximately $12,900,394.56. The trade was a 1.12% 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 Friday, January 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $31.52, for a total value of $157,600.00.
- 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 NYSE HIPO opened at $27.75 on Thursday. 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 firm has a fifty day moving average of $30.48 and a 200 day moving average of $32.50. The firm has a market cap of $703.15 million, a PE ratio of 7.67 and a beta of 1.57. Hippo Holdings Inc. has a one year low of $19.92 and a one year high of $38.98.
Hedge Funds Weigh In On Hippo
Several institutional investors and hedge funds have recently bought and sold shares of HIPO. Quantbot Technologies LP purchased a new stake in shares of Hippo in the 2nd quarter valued at approximately $33,000. AlphaQuest LLC raised its position in shares of Hippo by 109.5% during the 3rd quarter. AlphaQuest LLC now owns 1,251 shares of the company's stock valued at $45,000 after buying an additional 654 shares during the period. Torren Management LLC acquired a new position in Hippo in the fourth quarter valued at approximately $55,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Hippo during the fourth quarter worth $71,000. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in Hippo by 12.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,481 shares of the company's stock worth $125,000 after acquiring an additional 489 shares during the last quarter. 43.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on Hippo from $33.00 to $34.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 10th. Zacks Research upgraded Hippo from a "hold" rating to a "strong-buy" rating in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hippo in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.
Check Out 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.
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