B. Riley Predicts Hippo's FY2028 Earnings (NYSE:HIPO)

Key Points

• B. Riley has significantly increased its FY2028 earnings per share (EPS) estimate for Hippo Holdings to $4.75, up from $2.36, maintaining a "Buy" rating with a price target of $41.00.
• Recent ratings from other brokerages include an upgrade from "sell" to "hold" by Wall Street Zen and a price objective increase from $35.00 to $40.00 by JMP Securities, indicating a positive outlook for the stock.
• Hippo's stock recently traded at $31.30 and has had a volatile fifty-two week range, with a low of $15.74 and a high of $35.44.

Hippo Holdings Inc. (NYSE:HIPO - Free Report) - Analysts at B. Riley boosted their FY2028 earnings per share (EPS) estimates for Hippo in a report issued on Wednesday, August 13th. B. Riley analyst R. Binner now anticipates that the company will post earnings of $4.75 per share for the year, up from their previous forecast of $2.36. B. Riley has a "Buy" rating and a $41.00 price target on the stock. The consensus estimate for Hippo's current full-year earnings is ($3.63) per share.

A number of other brokerages also recently commented on HIPO. Wall Street Zen upgraded Hippo from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JMP Securities boosted their price objective on Hippo from $35.00 to $40.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hippo from $24.00 to $26.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.25.

Hippo Stock Performance

HIPO stock traded up $0.39 during midday trading on Friday, reaching $31.30. The company had a trading volume of 71,297 shares, compared to its average volume of 212,544. 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 stock has a 50 day moving average price of $27.78 and a 200 day moving average price of $26.44. Hippo has a fifty-two week low of $15.74 and a fifty-two week high of $35.44. The firm has a market capitalization of $787.38 million, a PE ratio of -63.87 and a beta of 1.53.

Hippo (NYSE:HIPO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of ($0.65) by $1.30. Hippo had a negative return on equity of 12.13% and a negative net margin of 2.52%. The company had revenue of $117.30 million during the quarter, compared to the consensus estimate of $116.00 million.

Insider Activity at Hippo

In other news, CEO Torben Ostergaard sold 4,889 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $24.61, for a total transaction of $120,318.29. Following the completion of the transaction, the chief executive officer directly owned 66,793 shares in the company, valued at approximately $1,643,775.73. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Len Fw Investor, Llc sold 514,309 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $28.17, for a total value of $14,488,084.53. Following the completion of the sale, the insider owned 2,476,418 shares of the company's stock, valued at $69,760,695.06. This trade represents a 17.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 521,642 shares of company stock valued at $14,681,601. Insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Hippo

A number of institutional investors have recently added to or reduced their stakes in the company. G2 Investment Partners Management LLC bought a new position in shares of Hippo in the second quarter valued at $1,673,000. BNP Paribas Financial Markets raised its stake in Hippo by 256.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 40,773 shares of the company's stock valued at $1,139,000 after purchasing an additional 29,337 shares during the period. Boothbay Fund Management LLC acquired a new stake in Hippo during the 2nd quarter valued at $283,000. Brevan Howard Capital Management LP acquired a new stake in Hippo during the 2nd quarter valued at $532,000. Finally, Bank of America Corp DE raised its stake in Hippo by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 141,344 shares of the company's stock valued at $3,948,000 after purchasing an additional 6,369 shares during the period. 43.01% of the stock is currently owned by institutional investors and hedge funds.

About Hippo

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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