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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 15,000 shares of the 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 completion of the sale, the chief executive officer now owns 339,623 shares of the company’s stock, valued at $10,243,029.68. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $25.55, for a total value of $255,500.00.

Hippo Stock Down 3.0 %

Shares of HIPO traded down $1.02 during midday trading on Monday, reaching $32.99. 263,445 shares of the stock were exchanged, compared to its average volume of 160,756. The company has a market cap of $803.64 million, a price-to-earnings ratio of -6.33 and a beta of 1.26. The firm has a 50 day simple moving average of $21.25 and a 200-day simple moving average of $18.96. Hippo Holdings Inc. has a 12-month low of $7.75 and a 12-month high of $34.24.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price 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 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, Jefferies Financial Group cut their target price 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.

Hedge Funds Weigh In On Hippo

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

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.