Hippo Holdings Inc. $HIPO Stock: State of Wyoming Boosts Holdings

State of Wyoming lifted its holdings in Hippo Holdings Inc. (NYSE:HIPO) by 164.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,879 shares of the company’s stock after purchasing an additional 14,213 shares during the quarter. State of Wyoming owned 0.09% of Hippo worth $704,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased 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 buying an additional 2,935 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Hippo during the 3rd quarter worth about $31,000. State Street Corp boosted its stake in shares of Hippo by 9.1% during the 2nd quarter. State Street Corp now owns 443,716 shares of the company’s stock worth $12,539,000 after buying an additional 37,097 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Hippo by 90.5% during the 2nd quarter. Citadel Advisors LLC now owns 140,734 shares of the company’s stock worth $3,977,000 after buying an additional 66,863 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Hippo during the 2nd quarter worth about $178,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Insider Transactions at Hippo

In other news, CEO Torben Ostergaard sold 1,169 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $35.03, for a total transaction of $40,950.07. Following the transaction, the chief executive officer directly owned 60,655 shares in the company, valued at $2,124,744.65. The trade was a 1.89% 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 Richard McCathron sold 5,000 shares of the company’s stock in a transaction dated 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 directly owned 562,132 shares in the company, valued at approximately $19,213,671.76. The trade was a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 17,338 shares of company stock valued at $571,577. Insiders own 4.48% of the company’s stock.

Hippo Price Performance

NYSE:HIPO opened at $36.75 on Friday. Hippo Holdings Inc. has a 1-year low of $24.08 and a 1-year high of $39.39. 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 fifty day simple moving average of $33.59 and a 200 day simple moving average of $29.45. The stock has a market capitalization of $969.83 million, a PE 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 analysts’ consensus estimates of ($0.17) by $0.96. The business had revenue of $144.70 million for the quarter, compared to the consensus estimate of $137.44 million. Hippo had a net margin of 5.90% and a return on equity of 11.04%. On average, research analysts expect that Hippo Holdings Inc. will post 1.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Key Headlines 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.