Hippo (NYSE:HIPO) Stock Rating Upgraded by Wall Street Zen

Hippo (NYSE:HIPO) was upgraded by 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.

HIPO has been the topic of several other research reports. Keefe, Bruyette & Woods upped their price objective on Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. B. Riley Financial reaffirmed a “buy” rating and set a $50.00 target price (up from $41.50) on shares of Hippo in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Hippo in a research note on Thursday. Finally, Zacks Research cut shares of Hippo from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Hippo currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Hippo Stock Performance

Shares of HIPO 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 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10. The stock has a market cap of $969.80 million, a PE ratio of 30.37 and a beta of 1.55. The business has a 50-day simple moving average of $33.59 and a 200-day simple moving average of $29.45.

Hippo (NYSE:HIPO) last posted its earnings results 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 return on equity of 11.04% and a net margin of 5.90%. The firm had revenue of $144.70 million for the quarter, compared to analyst estimates of $137.44 million. On average, equities analysts expect that Hippo will post 1.68 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Torben Ostergaard sold 1,169 shares of Hippo stock in a transaction 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 sale, the chief executive officer owned 60,655 shares of the company’s stock, valued at approximately $2,124,744.65. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard McCathron sold 5,000 shares of the business’s stock in a transaction on Friday, October 9th. The stock was 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 directly owned 562,132 shares of the company’s stock, valued at approximately $19,213,671.76. The trade was a 0.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,338 shares of company stock worth $571,577 in the last three months. 4.48% of the stock is owned by corporate insiders.

Institutional Trading of Hippo

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

Key Stories Impacting Hippo

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.

Hippo Company Profile

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.