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

Hippo Holdings Inc. (NYSE:HIPO) CEO Richard Mccathron sold 10,000 shares of Hippo stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $25.55, for a total transaction of $255,500.00. Following the transaction, the chief executive officer now owns 366,146 shares of the company’s stock, valued at $9,355,030.30. This represents a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hippo Stock Performance

Shares of NYSE HIPO opened at $26.50 on Friday. Hippo Holdings Inc. has a twelve month low of $7.75 and a twelve month high of $29.74. The stock’s 50 day moving average price is $19.60 and its 200-day moving average price is $18.45.

Analyst Ratings Changes

Several brokerages recently issued reports on HIPO. 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 report on Monday, August 19th. Jefferies Financial Group reduced their target price on shares of Hippo from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th.

Institutional Investors Weigh In On Hippo

Several large investors have recently modified their holdings of HIPO. Hood River Capital Management LLC lifted its stake in Hippo by 79.4% in the first 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. Vanguard Group Inc. lifted its position in shares of Hippo by 6.3% during the first quarter. Vanguard Group Inc. now owns 759,254 shares of the company’s stock worth $13,872,000 after acquiring an additional 45,058 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Hippo in the 2nd quarter worth about $629,000. Bank of New York Mellon Corp grew its stake in Hippo by 99.2% during the second quarter. Bank of New York Mellon Corp now owns 61,089 shares of the company’s stock valued at $1,050,000 after acquiring an additional 30,418 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new position in shares of Hippo in the first quarter worth $277,000. Hedge funds and other 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.