Key Points
- Hippo CEO Richard McCathron sold 5,000 shares on September 9 at an average price of $32.23, generating $161,150. After the sale, he directly owned 567,132 shares, and has also sold 5,000 shares each in July and August.
- Hippo shares opened at $31.94, down 0.4%, with a market capitalization of approximately $842.9 million. The company reported quarterly earnings of $0.79 per share, significantly exceeding the $0.17 loss analysts expected, while revenue reached $144.7 million.
- Analyst sentiment remains broadly positive, with a consensus “Buy” rating and an average price target of $40.50; institutional investors own approximately 43.01% of Hippo’s outstanding stock.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Richard McCathron sold 5,000 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $32.23, for a total transaction of $161,150.00. Following the sale, the chief executive officer directly owned 567,132 shares in the company, valued at approximately $18,278,664.36. The trade was a 0.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Richard Mccathron also recently made the following trade(s):
- On Monday, August 10th, Richard McCathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00.
- On Thursday, July 9th, Richard McCathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $28.53, for a total transaction of $142,650.00.
Hippo Stock Down 0.4%
Shares of Hippo stock opened at $31.94 on Friday. Hippo Holdings Inc. has a twelve month low of $24.08 and a twelve month high of $38.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. The company's 50 day moving average is $31.40 and its 200 day moving average is $28.29. The company has a market cap of $842.86 million, a price-to-earnings ratio of 6.87 and a beta of 1.55.
Hippo (NYSE:HIPO - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.96. The business had revenue of $144.70 million during the quarter, compared to the consensus estimate of $137.44 million. Hippo had a net margin of 23.92% and a return on equity of 10.68%. Research analysts anticipate that Hippo Holdings Inc. will post 1.5 EPS for the current year.
Institutional Investors Weigh In On Hippo
Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Hippo by 8.3% in the 1st quarter. AQR Capital Management LLC now owns 16,193 shares of the company's stock worth $414,000 after purchasing an additional 1,236 shares during the period. JPMorgan Chase & Co. grew its holdings in Hippo by 30.5% during the second quarter. JPMorgan Chase & Co. now owns 208,472 shares of the company's stock valued at $5,823,000 after purchasing an additional 48,677 shares during the period. American Century Companies Inc. increased its position in Hippo by 6.3% in the second quarter. American Century Companies Inc. now owns 43,417 shares of the company's stock worth $1,213,000 after buying an additional 2,588 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Hippo in the second quarter worth about $33,000. Finally, Walleye Capital LLC bought a new position in shares of Hippo in the second quarter worth about $358,000. 43.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on HIPO shares. Zacks Research upgraded Hippo from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods raised their target price on Hippo from $33.00 to $35.00 and gave the stock a "market perform" rating in a research report on Thursday, August 6th. Texas Capital upgraded Hippo to a "strong-buy" rating in a research note on Tuesday, June 9th. B. Riley Financial reaffirmed a "buy" rating and set a $41.50 price target (up from $38.00) on shares of Hippo in a research report on Monday, August 3rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Hippo in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Hippo presently has a consensus rating of "Buy" and a consensus target price of $40.50.
View Our Latest Stock Analysis on HIPO
Hippo Company Profile
(
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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