Key Points
- Hippo CEO Richard McCathron sold 5,000 shares at an average price of $34.18, generating $170,900. The transaction reduced his direct holdings by 0.88% to 562,132 shares.
- Hippo shares opened at $34.37, with a market capitalization of approximately $907 million and a 12-month trading range of $24.08 to $38.72.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $38.25, while institutional investors own 43.01% of the company.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Richard McCathron sold 5,000 shares of Hippo stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $34.18, for a total value of $170,900.00. Following the transaction, the chief executive officer directly owned 562,132 shares in the company, valued at approximately $19,213,671.76. The trade was a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Richard Mccathron also recently made the following trade(s):
- On Wednesday, September 9th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $32.23, for a total value of $161,150.00.
- On Monday, August 10th, Richard McCathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $32.00, for a total value of $160,000.00.
Hippo Trading Up 0.2%
NYSE HIPO opened at $34.37 on Wednesday. The firm has a market capitalization of $907.02 million, a P/E ratio of 7.39 and a beta of 1.55. The business has a fifty day simple moving average of $32.52 and a 200 day simple moving average of $29.11. Hippo Holdings Inc. has a 12 month low of $24.08 and a 12 month high of $38.72. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10.
Hippo (NYSE:HIPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.96. The business had revenue of $144.70 million for the quarter, compared to analysts' expectations of $137.44 million. Hippo had a return on equity of 10.68% and a net margin of 23.92%. On average, analysts predict that Hippo Holdings Inc. will post 1.50 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently commented on HIPO. Weiss Ratings reiterated a "hold (c)" rating on shares of Hippo in a report on Friday, July 31st. Zacks Research lowered shares of Hippo from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Hippo from $33.00 to $35.00 and gave the stock a "market perform" rating in a report on Thursday, August 6th. Finally, B. Riley Financial restated a "buy" rating and set a $41.50 price target (up from $38.00) on shares of Hippo in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $38.25.
Read Our Latest Report on HIPO
Institutional Trading of Hippo
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Hippo by 17.8% during the second quarter. BlackRock Inc. now owns 1,498,306 shares of the company's stock worth $42,342,000 after purchasing an additional 226,533 shares during the period. AWM Investment Company Inc. purchased a new position in shares of Hippo in the second quarter worth about $2,826,000. Citadel Advisors LLC raised its position in shares of Hippo by 90.5% in the second quarter. Citadel Advisors LLC now owns 140,734 shares of the company's stock valued at $3,977,000 after purchasing an additional 66,863 shares during the period. State Street Corp raised its holdings in Hippo by 9.1% during the 2nd quarter. State Street Corp now owns 443,716 shares of the company's stock valued at $12,539,000 after acquiring an additional 37,097 shares during the period. Finally, Sei Investments Co. raised its holdings in Hippo by 25.4% during the 1st quarter. Sei Investments Co. now owns 161,440 shares of the company's stock valued at $4,207,000 after acquiring an additional 32,728 shares during the period. 43.01% of the stock is owned by hedge funds and other institutional investors.
About Hippo
(
Get Free Report)
Hippo Holdings Inc is a technology-focused property and casualty insurance company that provides homeowners insurance and related services in the United States. The company combines digital insurance tools, data analytics and home-monitoring technology to simplify the process of obtaining coverage and managing a policy.
Hippo's offerings are centered on homeowners insurance, including coverage for residential property, personal belongings, liability and additional living expenses. Through its home protection platform, the company also provides resources and services intended to help customers identify and address potential risks before they lead to costly losses, such as water leaks, fire hazards and other property-related issues.
Founded in 2015 by Assaf Wand and Eyal Navon, Hippo became a publicly traded company in 2021 through a business combination with Reinvent Technology Partners Z.
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