Hippo Holdings Inc. $HIPO Stock Bought by State of Wyoming

State of Wyoming grew its holdings in Hippo Holdings Inc. (NYSE:HIPO) by 164.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,879 shares of the company’s stock after acquiring an additional 14,213 shares during the period. State of Wyoming’s holdings in Hippo were worth $704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HIPO. State of Alaska Department of Revenue acquired a new position in shares of Hippo during the 3rd quarter worth approximately $31,000. 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 acquiring an additional 2,100 shares during the period. Nisa Investment Advisors LLC raised its stake in Hippo by 306.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,894 shares of the company’s stock valued at $120,000 after acquiring an additional 2,935 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Hippo in the 2nd quarter valued at $178,000. Finally, Quantinno Capital Management LP lifted its holdings in Hippo by 118.7% during the 1st quarter. Quantinno Capital Management LP now owns 17,529 shares of the company’s stock valued at $457,000 after purchasing an additional 9,515 shares during the last quarter. 43.01% of the stock is currently owned by institutional investors.

Insider Activity at Hippo

In related news, CEO Richard McCathron sold 5,000 shares of Hippo stock in a transaction that occurred 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. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Torben Ostergaard sold 1,169 shares of the business’s 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 completion of the sale, the chief executive officer owned 60,655 shares of the company’s stock, valued at $2,124,744.65. This trade represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 17,338 shares of company stock valued at $571,577. 4.48% of the stock is currently owned by insiders.

Hippo Trading Down 1.1%

Shares of NYSE:HIPO opened at $36.75 on Friday. Hippo Holdings Inc. has a 12-month low of $24.08 and a 12-month high of $39.39. The stock has a market cap of $969.83 million, a PE ratio of 30.37 and a beta of 1.55. The business has a 50 day moving average of $33.59 and a 200-day moving average of $29.45. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.10.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on HIPO. Zacks Research cut shares of Hippo from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. B. Riley Financial reiterated a “buy” rating and issued a $50.00 price objective (up from $41.50) on shares of Hippo in a report on Friday. Wall Street Zen raised shares of Hippo from a “hold” rating to a “buy” rating in a research report on Saturday. Keefe, Bruyette & Woods raised their target price on shares of Hippo from $33.00 to $35.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hippo in a research note on Thursday. One 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Trending Headlines about 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 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.