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

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

Hippo Stock Down 8.9 %

Shares of Hippo stock opened at $27.02 on Wednesday. Hippo Holdings Inc. has a one year low of $7.75 and a one year high of $29.74. The business’s 50 day simple moving average is $19.27 and its two-hundred day simple moving average is $18.33.

Institutional Investors Weigh In On Hippo

Several institutional investors have recently added to or reduced their stakes in HIPO. Vanguard Group Inc. raised its stake in shares of Hippo by 6.3% during the first quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock valued at $13,872,000 after acquiring an additional 45,058 shares during the last quarter. Hood River Capital Management LLC raised its position in Hippo by 79.4% during the 1st quarter. Hood River Capital Management LLC now owns 326,343 shares of the company’s stock valued at $5,962,000 after purchasing an additional 144,459 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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. Connor Clark & Lunn Investment Management Ltd. increased its position in Hippo by 37.5% during the 3rd 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 during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Hippo by 99.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock worth $1,050,000 after purchasing an additional 30,418 shares during the period. Hedge funds and other institutional investors own 43.01% of the company’s stock.

Wall Street Analyst Weigh In

HIPO has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their price objective on 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 decreased their target price on shares of Hippo from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th.

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.