Insider Selling: Hippo Holdings Inc. (NYSE:HIPO) CEO Sells 15,000 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 15,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $30.16, for a total transaction of $452,400.00. Following the sale, the chief executive officer now owns 339,623 shares of the company’s stock, valued at approximately $10,243,029.68. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $25.55, for a total value of $255,500.00.

Hippo Stock Performance

Shares of NYSE:HIPO traded down $1.02 during trading on Monday, reaching $32.99. The company had a trading volume of 263,445 shares, compared to its average volume of 160,756. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $34.24. The firm has a market capitalization of $803.64 million, a PE ratio of -6.33 and a beta of 1.26. The firm’s fifty day moving average is $21.25 and its 200 day moving average is $18.96.

Institutional Trading of Hippo

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Hippo by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock worth $427,000 after buying an additional 801 shares in the last quarter. Caz Investments LP boosted its stake in shares of Hippo by 100.0% during the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock worth $95,000 after acquiring an additional 2,800 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Hippo by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock worth $438,000 after acquiring an additional 5,592 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hippo during the third quarter worth $174,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Hippo during the third quarter valued at $174,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Hippo from $20.00 to $21.00 and gave the stock a “market perform” rating in a report on Monday, August 19th. JMP Securities lifted their price target on Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Jefferies Financial Group reduced their price objective on Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

Hippo Company Profile

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.