Hippo’s (HIPO) “Buy” Rating Reiterated at B. Riley Financial

B. Riley Financial reiterated their buy rating on shares of Hippo (NYSE:HIPO) in a report issued on Friday,Benzinga reports. B. Riley Financial currently has a $50.00 target price on the stock, up from their previous target price of $41.50.

Other analysts have also issued reports about the stock. Keefe, Bruyette & Woods increased their target price on shares of Hippo from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Hippo in a research report on Thursday. Finally, Zacks Research cut shares of Hippo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Hippo Price Performance

Hippo stock opened at $36.75 on Friday. Hippo has a 52-week low of $24.08 and a 52-week high of $39.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $969.83 million, a PE ratio of 30.37 and a beta of 1.60. The company’s 50 day moving average is $33.59 and its two-hundred day moving average is $29.45.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.96. Hippo had a net margin of 5.90% and a return on equity of 10.93%. The business had revenue of $144.70 million for the quarter, compared to analyst estimates of $137.44 million. On average, research analysts expect that Hippo will post 1.68 EPS for the current fiscal year.

Insider Transactions at Hippo

In related news, CEO Torben Ostergaard sold 1,169 shares of Hippo stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $35.03, for a total value of $40,950.07. Following the completion of the transaction, the chief executive officer owned 60,655 shares in the company, valued at approximately $2,124,744.65. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard McCathron sold 5,000 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $34.18, for a total transaction of $170,900.00. Following the completion of the sale, the chief executive officer owned 562,132 shares in the company, valued at $19,213,671.76. This represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 17,338 shares of company stock valued at $571,577. 4.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its position in Hippo by 90.5% during the second quarter. Citadel Advisors LLC now owns 140,734 shares of the company’s stock worth $3,977,000 after purchasing an additional 66,863 shares during the period. State Street Corp increased its stake in Hippo by 9.1% during the 2nd 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. 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 purchasing an additional 32,728 shares during the period. AWM Investment Company Inc. bought a new stake in Hippo in the second quarter worth about $2,826,000. Finally, BlackRock Inc. boosted its holdings in Hippo by 17.8% in the second quarter. BlackRock Inc. now owns 1,498,306 shares of the company’s stock worth $42,342,000 after acquiring an additional 226,533 shares in the last quarter. Institutional investors own 43.01% of the company’s stock.

Key Hippo News

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.