Hippo (NYSE:HIPO) Raised to “Buy” at Wall Street Zen

Hippo (NYSE:HIPO) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently commented on HIPO. Zacks Research cut Hippo from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. B. Riley Financial reissued a “buy” rating and set a $50.00 price objective (up from $41.50) on shares of Hippo in a research note on Friday. Keefe, Bruyette & Woods upped their target price on Hippo from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hippo in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Hippo presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Hippo Stock Down 1.1%

HIPO stock opened at $36.75 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $33.59 and a two-hundred day moving average of $29.45. Hippo has a 12 month low of $24.08 and a 12 month high of $39.39. The company has a market cap of $969.80 million, a price-to-earnings ratio of 30.37 and a beta of 1.55.

Hippo (NYSE:HIPO) last issued its earnings results on Thursday, July 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.96. The business had revenue of $144.70 million for the quarter, compared to analysts’ expectations of $137.44 million. Hippo had a return on equity of 11.04% and a net margin of 5.90%. As a group, analysts forecast that Hippo will post 1.68 earnings per share for the current fiscal year.

Insider Activity

In other Hippo news, CEO Richard McCathron sold 5,000 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $34.18, for a total value of $170,900.00. Following the sale, the chief executive officer owned 562,132 shares of the company’s stock, valued at $19,213,671.76. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Torben Ostergaard sold 1,169 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $35.03, for a total value of $40,950.07. Following the sale, the chief executive officer owned 60,655 shares of the company’s stock, valued at approximately $2,124,744.65. The trade was a 1.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 17,338 shares of company stock valued at $571,577. 4.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Hippo by 17.8% in the second quarter. BlackRock Inc. now owns 1,498,306 shares of the company’s stock valued at $42,342,000 after buying an additional 226,533 shares during the last quarter. State Street Corp lifted its holdings in shares of Hippo by 9.1% in the second quarter. State Street Corp now owns 443,716 shares of the company’s stock valued at $12,539,000 after purchasing an additional 37,097 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Hippo by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 394,907 shares of the company’s stock worth $10,291,000 after purchasing an additional 29,993 shares in the last quarter. Stoic Point Capital Management LLC lifted its stake in shares of Hippo by 0.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 251,116 shares of the company’s stock worth $6,544,000 after purchasing an additional 2,100 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Hippo by 25.4% in the first quarter. Sei Investments Co. now owns 161,440 shares of the company’s stock worth $4,207,000 after acquiring an additional 32,728 shares during the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo News Roundup

Here are the key news stories impacting Hippo this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Hippo reported adjusted earnings of $0.74 per share, versus the $0.08 analyst consensus cited by MarketBeat, while revenue reached $156 million, above the $153.88 million estimate. Net income was $8.8 million, or $0.33 per diluted share. Hippo Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Operating metrics improved significantly. Gross written premium increased 60.1% year over year to $498.1 million, revenue rose 29.4%, and the combined ratio improved to 98.4% from 99.6%. The expense ratio also declined to 41.7% from 52.0%, indicating better operating efficiency. Hippo Q3 Revenue Rises 29% to $156 Million
• Positive Sentiment: Hippo raised its 2026 outlook. Management now expects $1.7 billion-$1.75 billion in gross written premium and $77 million-$80 million in adjusted net income, while targeting more than $2.5 billion of gross premium by 2028. Hippo Raises 2026 Guidance
• Positive Sentiment: B. Riley reaffirmed its Buy rating and raised its price target to $50 from $41.50, signaling increased confidence in Hippo’s earnings and growth prospects.
• Neutral Sentiment: The stock’s decline suggests investors may be taking profits or focusing on valuation and execution risks despite the upbeat results; no specific negative company announcement was reported.

About Hippo

Hippo Holdings Inc is a technology-focused insurance company that provides home insurance and related services to homeowners in the United States. Operating under the Hippo brand, the company uses digital tools, data analytics and a streamlined online experience to help customers obtain coverage, manage policies and receive support.

Hippo’s offerings are designed to protect residential properties and personal belongings against covered risks, while also emphasizing proactive home protection.