Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron Sells 15,000 Shares

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $30.16, for a total transaction of $452,400.00. Following the sale, the chief executive officer now directly owns 339,623 shares in the company, valued at $10,243,029.68. The trade was a 4.23 % 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 Friday, November 8th, Richard Mccathron sold 10,000 shares of Hippo stock. The stock was sold at an average price of $25.55, for a total transaction of $255,500.00.

Hippo Trading Up 1.0 %

Shares of HIPO opened at $32.91 on Thursday. The firm’s fifty day simple moving average is $21.55 and its two-hundred day simple moving average is $19.07. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24. The stock has a market capitalization of $801.69 million, a P/E ratio of -6.32 and a beta of 1.26.

Institutional Investors Weigh In On Hippo

Large investors have recently added to or reduced their stakes in the business. Caz Investments LP lifted its stake in Hippo by 100.0% in the third quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after buying an additional 2,800 shares during the period. SG Americas Securities LLC bought a new stake in shares of Hippo in the 3rd quarter valued at $174,000. Public Employees Retirement System of Ohio acquired a new position in shares of Hippo during the 3rd quarter valued at $174,000. AQR Capital Management LLC bought a new position in Hippo during the second quarter worth $194,000. Finally, PEAK6 Investments LLC acquired a new stake in Hippo in the first quarter worth $277,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analyst Ratings Changes

HIPO has been the topic of several recent research reports. Jefferies Financial Group cut their target price on Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price objective on Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a research note on Monday, August 19th. Finally, JMP Securities increased their target price on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 22nd.

About Hippo

Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.