Key Points
- Hippo CEO Richard Mccathron sold 5,000 shares on May 11 at an average price of $27.10, totaling $135,500. After the sale, he still owned 604,212 shares valued at about $16.37 million.
- This was one of several recent insider sales by Mccathron, including 5,000-share sales in April and March at average prices of $26.05 and $25.86, respectively.
- Hippo’s stock was trading around $26.36 with a market cap of $27.41 million, while analysts currently have a Moderate Buy consensus and a target price of $38.33.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Richard Mccathron sold 5,000 shares of the firm's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the transaction, the chief executive officer directly owned 604,212 shares of the company's stock, valued at $16,374,145.20. The trade was a 0.82% decrease in their ownership of the stock. 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 Thursday, April 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $26.05, for a total value of $130,250.00.
- On Monday, March 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $25.86, for a total value of $129,300.00.
Hippo Price Performance
Hippo stock opened at $26.36 on Thursday. The firm has a market capitalization of $27.41 million, a P/E ratio of 6.10 and a beta of 1.53. Hippo Holdings Inc. has a one year low of $21.61 and a one year high of $38.98. The business has a fifty day moving average price of $26.77 and a 200-day moving average price of $29.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.99 and a quick ratio of 0.99.
Hippo (NYSE:HIPO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $120.40 million during the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%. As a group, equities research analysts forecast that Hippo Holdings Inc. will post 1.03 EPS for the current year.
Institutional Investors Weigh In On Hippo
A number of large investors have recently added to or reduced their stakes in HIPO. Caitong International Asset Management Co. Ltd purchased a new stake in Hippo during the fourth quarter valued at about $26,000. Altshuler Shaham Ltd raised its position in Hippo by 270.4% during the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 730 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Hippo during the second quarter valued at about $33,000. AlphaQuest LLC raised its position in Hippo by 109.5% during the third quarter. AlphaQuest LLC now owns 1,251 shares of the company's stock valued at $45,000 after purchasing an additional 654 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in Hippo during the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 43.01% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on HIPO shares. B. Riley Financial started coverage on Hippo in a research note on Friday, April 17th. They set a "buy" rating and a $38.00 price objective for the company. Zacks Research raised Hippo to a "hold" rating in a research note on Tuesday, March 3rd. Weiss Ratings raised Hippo from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on Hippo from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.33.
View Our Latest Analysis 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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