Richard Mccathron Sells 5,000 Shares of Hippo (NYSE:HIPO) Stock

Key Points

• Richard McCathron sold 5,000 Hippo shares on March 9 at an average price of $25.86 for $129,300, reducing his stake to 615,650 shares (a 0.81% decline) after similar 5,000-share sales in January and February.
• Hippo shares fell 1.4% to $25.67, the company has a market cap of about $650.3M and a P/E of 12.0, and analysts have a consensus rating of Moderate Buy with a $37.25 average price target.

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, March 9th. The shares were sold at an average price of $25.86, for a total transaction of $129,300.00. Following the sale, the chief executive officer owned 615,650 shares in the company, valued at approximately $15,920,709. The trade was a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Richard Mccathron also recently made the following trade(s):

• On Monday, February 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The stock was sold at an average price of $29.14, for a total transaction of $145,700.00.
• On Friday, January 9th, Richard Mccathron sold 5,000 shares of Hippo stock. The shares were sold at an average price of $31.52, for a total value of $157,600.00.

Hippo Stock Down 1.4%

HIPO traded down $0.37 during trading on Wednesday, hitting $25.67. 84,506 shares of the company's stock traded hands, compared to its average volume of 142,248. The stock has a market capitalization of $650.30 million, a price-to-earnings ratio of 12.00 and a beta of 1.57. The company's 50 day simple moving average is $29.40 and its two-hundred day simple moving average is $32.34. Hippo Holdings Inc. has a 12-month low of $19.92 and a 12-month high of $38.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Zacks Research upgraded Hippo to a "hold" rating in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods dropped their price target on shares of Hippo from $34.00 to $33.00 and set a "market perform" rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings upgraded shares of Hippo from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Hippo currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.25.

Institutional Trading of Hippo

Several large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Hippo during the fourth quarter valued at $26,000. Altshuler Shaham Ltd increased its position in shares of Hippo by 270.4% during the 4th quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 730 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Hippo in the 2nd quarter worth approximately $33,000. AlphaQuest LLC boosted its holdings in shares of Hippo by 109.5% in the third quarter. AlphaQuest LLC now owns 1,251 shares of the company's stock worth $45,000 after buying an additional 654 shares during the last quarter. Finally, Torren Management LLC purchased a new position in shares of Hippo in the fourth quarter worth approximately $55,000. Institutional investors own 43.01% of the company's stock.

Hippo Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.