Key Points
- Hippo CEO Richard McCathron sold 5,000 shares for $176,250 at an average price of $35.25, reducing his stake by 0.89% to 557,132 shares.
- The sale follows two recent transactions in which McCathron sold 5,000 shares each in September and October.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $43.50; institutional investors and hedge funds own 43.01% of Hippo’s shares.
Hippo Holdings Inc. (NYSE:HIPO - Get Free Report) CEO Richard McCathron sold 5,000 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $35.25, for a total value of $176,250.00. Following the transaction, the chief executive officer owned 557,132 shares in the company, valued at approximately $19,638,903. This trade represents a 0.89% decrease in their position. The sale 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 Friday, October 9th, Richard McCathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $34.18, for a total transaction of $170,900.00.
- 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 transaction of $161,150.00.
Hippo Price Performance
Shares of Hippo stock opened at $36.99 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $34.07 and a 200-day simple moving average of $29.69. The stock has a market capitalization of $984.78 million, a price-to-earnings ratio of 30.57 and a beta of 1.60. Hippo Holdings Inc. has a 1-year low of $24.08 and a 1-year high of $39.39.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of HIPO. BlackRock Inc. boosted its position in shares of Hippo by 17.8% in the second quarter. BlackRock Inc. now owns 1,498,306 shares of the company's stock valued at $42,342,000 after acquiring an additional 226,533 shares during the period. AWM Investment Company Inc. acquired a new stake in shares of Hippo in the second quarter worth $2,826,000. First Trust Advisors LP acquired a new stake in shares of Hippo in the third quarter worth $2,714,000. Citadel Advisors LLC increased its position in Hippo by 90.5% during the second quarter. Citadel Advisors LLC now owns 140,734 shares of the company's stock worth $3,977,000 after acquiring an additional 66,863 shares during the period. Finally, Ieq Capital LLC bought a new position in Hippo during the third quarter worth $1,795,000. 43.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Hippo from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. Keefe, Bruyette & Woods upped their price target on shares of Hippo from $35.00 to $37.00 and gave the company a "market perform" rating in a report on Tuesday, November 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hippo in a research report on Thursday, October 29th. B. Riley Financial reiterated a "buy" rating and issued a $50.00 price objective (up from $41.50) on shares of Hippo in a research note on Friday, October 30th. Finally, Zacks Research lowered Hippo from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Hippo currently has a consensus rating of "Moderate Buy" and an average target price of $43.50.
Get Our Latest Stock Report on Hippo
Hippo Company Profile
(
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Hippo, Inc. is a technology-focused property and casualty insurance company that provides home insurance and related services in the United States. Its offerings include homeowners, condo, renters and landlord insurance, with coverage and availability varying by state. The company uses digital tools and property data to support insurance quotes, policy management and claims. Hippo also offers services focused on home protection and maintenance, including programs intended to help customers identify and address potential risks before they lead to damage.
Further Reading
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