Key Points
- Hippo CEO Richard Mccathron sold 5,000 shares on June 9 at an average price of $25.00, totaling $125,000. After the sale, he still owned 590,433 shares worth about $14.76 million.
- The transaction marked a 0.84% decrease in the CEO’s ownership, and it followed two earlier sales of 5,000 shares each in May and April at higher prices.
- Hippo’s stock was trading near $25.40, below its 50-day and 200-day moving averages, while analysts currently rate the stock a Moderate Buy with an average 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 Tuesday, June 9th. The stock was sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the transaction, the chief executive officer owned 590,433 shares in the company, valued at approximately $14,760,825. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Richard Mccathron also recently made the following trade(s):
- On Monday, May 11th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $27.10, for a total value of $135,500.00.
- 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.
Hippo Stock Performance
HIPO stock opened at $25.40 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $661.39 million, a P/E ratio of 5.88 and a beta of 1.51. The stock's fifty day moving average price is $26.58 and its 200-day moving average price is $28.37. Hippo Holdings Inc. has a 1 year low of $24.08 and a 1 year high of $38.98.
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 for the quarter. Hippo had a net margin of 23.45% and a return on equity of 12.17%. On average, equities analysts forecast that Hippo Holdings Inc. will post 1.03 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages have recently weighed in on HIPO. Weiss Ratings upgraded shares of Hippo from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, May 4th. B. Riley Financial began coverage on Hippo in a report on Friday, April 17th. They issued a "buy" rating and a $38.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on Hippo from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Thursday, May 7th. Zacks Research raised Hippo to a "hold" rating in a report on Tuesday, March 3rd. Finally, Texas Capital raised Hippo to a "strong-buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $38.33.
Check Out Our Latest Stock Report on Hippo
Hedge Funds Weigh In On Hippo
Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in Hippo in the 4th quarter worth $26,000. Altshuler Shaham Ltd raised its holdings in Hippo by 270.4% in the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 730 shares during the period. Quantbot Technologies LP bought a new position in Hippo in the 2nd quarter worth $33,000. AlphaQuest LLC raised its holdings 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 acquiring an additional 654 shares during the period. Finally, Torren Management LLC bought a new stake in Hippo during the fourth quarter valued at about $55,000. 43.01% of the stock is owned by institutional investors.
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.
See Also
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].
