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 company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $30.16, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 Trading Down 3.0 %

HIPO stock opened at $32.99 on Tuesday. The stock has a market capitalization of $803.64 million, a P/E ratio of -6.33 and a beta of 1.26. The firm has a 50-day moving average price of $21.25 and a 200-day moving average price of $18.96. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24.

Hedge Funds Weigh In On Hippo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of 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 during the last quarter. Caz Investments LP grew its position in 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 during the last quarter. American Century Companies Inc. increased its holdings in 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 purchasing an additional 5,592 shares in the last quarter. SG Americas Securities LLC acquired a new position in Hippo in the 3rd quarter worth about $174,000. Finally, Public Employees Retirement System of Ohio bought a new position in Hippo in the third quarter valued at about $174,000. Institutional investors own 43.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.