Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron Sells 10,000 Shares of Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 10,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $25.55, for a total value of $255,500.00. Following the completion of the sale, the chief executive officer now directly owns 366,146 shares of the company’s stock, valued at $9,355,030.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hippo Price Performance

Hippo stock opened at $27.02 on Wednesday. The firm has a 50 day moving average price of $19.27 and a 200-day moving average price of $18.33. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $29.74.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HIPO. Keefe, Bruyette & Woods boosted their price target 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. Jefferies Financial Group dropped their price target on Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Hippo by 3.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,328 shares of the company’s stock valued at $427,000 after purchasing an additional 801 shares in the last quarter. American Century Companies Inc. grew its holdings in Hippo by 28.2% during the 2nd quarter. American Century Companies Inc. now owns 25,453 shares of the company’s stock valued at $438,000 after buying an additional 5,592 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Hippo during the third quarter valued at about $174,000. AQR Capital Management LLC bought a new position in shares of Hippo in the second quarter valued at approximately $194,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Hippo by 9.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock valued at $2,553,000 after acquiring an additional 13,586 shares in the last quarter. Hedge funds and other institutional investors own 43.01% of the company’s stock.

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.