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

Hippo Holdings Inc. (NYSE:HIPOGet Free Report) CEO Richard Mccathron sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was 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 in the company, valued at $10,243,029.68. The trade was a 4.23 % decrease in their position. The sale was disclosed in a legal filing 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 stock was sold at an average price of $25.55, for a total transaction of $255,500.00.

Hippo Price Performance

HIPO stock opened at $32.66 on Wednesday. The firm’s fifty day simple moving average is $21.25 and its 200-day simple moving average is $18.96. Hippo Holdings Inc. has a 12 month low of $7.75 and a 12 month high of $34.24. The company has a market capitalization of $795.60 million, a P/E ratio of -6.26 and a beta of 1.26.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on HIPO

Institutional Investors Weigh In On Hippo

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Hippo by 276.5% in the 3rd quarter. Barclays PLC now owns 25,816 shares of the company’s stock valued at $435,000 after buying an additional 18,960 shares during the period. Geode Capital Management LLC lifted its holdings in Hippo by 6.3% in the third quarter. Geode Capital Management LLC now owns 442,261 shares of the company’s stock valued at $7,467,000 after acquiring an additional 26,085 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Hippo in the third quarter valued at approximately $174,000. State Street Corp boosted its position in Hippo by 10.5% in the 3rd quarter. State Street Corp now owns 377,537 shares of the company’s stock worth $6,373,000 after purchasing an additional 35,743 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Hippo during the 3rd quarter worth approximately $864,000. 43.01% of the stock is owned by hedge funds and other institutional investors.

About Hippo

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Hippo (NYSE:HIPO)

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