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 Hippo stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $30.16, for a total transaction of $452,400.00. Following the transaction, the chief executive officer now owns 339,623 shares in the company, valued at approximately $10,243,029.68. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 value of $255,500.00.

Hippo Trading Down 3.0 %

Shares of Hippo stock opened at $32.99 on Tuesday. The business has a 50-day moving average price of $21.25 and a two-hundred day moving average price of $18.96. Hippo Holdings Inc. has a 1-year low of $7.75 and a 1-year high of $34.24. The company has a market cap of $803.64 million, a P/E ratio of -6.33 and a beta of 1.26.

Institutional Investors Weigh In On Hippo

Several large investors have recently added to or reduced their stakes in HIPO. Vanguard Group Inc. lifted its stake in Hippo by 6.3% in the first quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock valued at $13,872,000 after buying an additional 45,058 shares during the period. Geode Capital Management LLC lifted its position in shares of Hippo by 6.3% during the 3rd 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. State Street Corp boosted its stake in Hippo by 10.5% during the third quarter. State Street Corp now owns 377,537 shares of the company’s stock worth $6,373,000 after acquiring an additional 35,743 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Hippo by 9.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 151,240 shares of the company’s stock worth $2,553,000 after purchasing an additional 13,586 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Hippo by 37.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,924 shares of the company’s stock valued at $1,113,000 after purchasing an additional 17,978 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HIPO shares. Keefe, Bruyette & Woods increased their price target on Hippo from $20.00 to $21.00 and gave the company a “market perform” rating in a research note on Monday, August 19th. JMP Securities increased their target price 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, Jefferies Financial Group lowered their price target on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, October 9th.

About Hippo

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.