Hippo Holdings Inc. (NYSE:HIPO) CEO Sells $452,400.00 in Stock

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $30.16, for a total value of $452,400.00. Following the transaction, the chief executive officer now owns 339,623 shares in the company, valued at $10,243,029.68. This represents a 4.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $25.55, for a total value of $255,500.00.

Hippo Stock Performance

Shares of HIPO stock opened at $32.66 on Wednesday. Hippo Holdings Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $34.24. The firm has a market capitalization of $795.60 million, a P/E ratio of -6.26 and a beta of 1.26. The stock’s fifty day moving average is $21.25 and its two-hundred day moving average is $18.96.

Analysts Set New Price Targets

Several equities research analysts recently commented on HIPO shares. 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 reduced their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, JMP Securities raised their price target on shares of Hippo from $25.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 22nd.

Hedge Funds Weigh In On Hippo

Hedge funds and other institutional investors have recently modified their holdings of the business. Caz Investments LP raised its holdings in Hippo by 100.0% in the 3rd quarter. Caz Investments LP now owns 5,600 shares of the company’s stock valued at $95,000 after acquiring an additional 2,800 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Hippo in the third quarter valued at approximately $174,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Hippo in the third quarter valued at approximately $174,000. AQR Capital Management LLC acquired a new stake in shares of Hippo in the second quarter valued at approximately $194,000. Finally, PEAK6 Investments LLC purchased a new position in Hippo during the first quarter worth approximately $277,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

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.