Hippo (NYSE:HIPO) Posts Quarterly Earnings Results, Beats Estimates By $0.40 EPS

by · The Markets Daily

Hippo (NYSE:HIPO – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.40, Zacks reports. The company had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $117.75 million. Hippo had a negative net margin of 2.52% and a negative return on equity of 12.13%. Hippo updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Hippo Stock Performance

Shares of HIPO traded up $1.97 during midday trading on Wednesday, reaching $37.86. 403,586 shares of the stock were exchanged, compared to its average volume of 198,602. Hippo has a twelve month low of $19.92 and a twelve month high of $38.98. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The company has a market cap of $947.64 million, a P/E ratio of -77.27 and a beta of 1.56. The stock’s 50 day simple moving average is $35.63 and its 200 day simple moving average is $29.73.

Insiders Place Their Bets

In related news, CEO Richard Mccathron sold 2,725 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $34.12, for a total value of $92,977.00. Following the completion of the transaction, the chief executive officer owned 470,388 shares of the company’s stock, valued at $16,049,638.56. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Guy Zeltser sold 5,177 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $37.48, for a total value of $194,033.96. Following the completion of the transaction, the chief financial officer directly owned 74,861 shares of the company’s stock, valued at approximately $2,805,790.28. This trade represents a 6.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 10,177 shares of company stock valued at $364,361 in the last three months. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in Hippo in the second quarter valued at about $33,000. AQR Capital Management LLC raised its stake in Hippo by 8.3% in the first quarter. AQR Capital Management LLC now owns 16,193 shares of the company’s stock valued at $414,000 after purchasing an additional 1,236 shares in the last quarter. American Century Companies Inc. raised its stake in Hippo by 6.3% in the second quarter. American Century Companies Inc. now owns 43,417 shares of the company’s stock valued at $1,213,000 after purchasing an additional 2,588 shares in the last quarter. State of Wyoming acquired a new position in Hippo in the second quarter valued at about $127,000. Finally, Tower Research Capital LLC TRC raised its stake in Hippo by 418.0% in the second quarter. Tower Research Capital LLC TRC now owns 6,402 shares of the company’s stock valued at $179,000 after purchasing an additional 5,166 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of Hippo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hippo in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Hippo from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. B. Riley raised their target price on shares of Hippo from $35.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, JMP Securities set a $45.00 target price on shares of Hippo and gave the company a “market outperform” rating in a research note on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hippo currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Check Out Our Latest Research Report on Hippo

Hippo Company Profile

(Get Free Report)

Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.

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