Hippo Holdings Inc. provides personal property insurance brokerage services and underwrites insurance policies in the United States and the District of Columbia. Its insurance products include homeowners' insurance against risks of fire, wind, and theft; and commercial and personal lines of products. The company distributes insurance products and services through its technology platform; and offers its policies online, over the phone, or through licensed insurance agents. It provides care and protection for homeowners. The company is headquartered in Palo Alto, California.
IPO Year: 2021
Exchange: NYSE
Website: hippo.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/22/2024 | $22.00 → $20.00 | Outperform → Mkt Perform | Keefe Bruyette |
8/11/2023 | Mkt Perform | William Blair | |
11/17/2022 | $24.00 | Outperform | Keefe Bruyette |
2/9/2022 | $4.00 | Market Perform | JMP Securities |
2/9/2022 | $4.00 | Mkt Outperform | JMP Securities |
12/21/2021 | $4.59 | Overweight | Morgan Stanley |
11/19/2021 | $8.00 | Buy | Jefferies |
10/12/2021 | $5.40 | Neutral | Goldman Sachs |
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4 - Hippo Holdings Inc. (0001828105) (Issuer)
4 - Hippo Holdings Inc. (0001828105) (Issuer)
4 - Hippo Holdings Inc. (0001828105) (Issuer)
4 - Hippo Holdings Inc. (0001828105) (Issuer)
4 - Hippo Holdings Inc. (0001828105) (Issuer)
4 - Hippo Holdings Inc. (0001828105) (Issuer)
PALO ALTO, Calif., Aug. 8, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended June 30, 2024. Complete financial results and full year guidance for 2024 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com/. "Our plan to reduce the volatility in our homeowners program passed its first meaningful test, as we delivered a substantial year-over-year reduction in catastr
PALO ALTO, Calif., July 15, 2024 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's second quarter financial results will be released before market open on Thursday, August 8, 2024. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Conference Call and Webcast Information Date: Thursd
PALO ALTO, Calif., May 2, 2024 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended March 31, 2024. Complete financial results and full year guidance for 2024 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com. "The critical work we began last year to reduce CAT exposure and streamline our operations, without sacrificing growth, continued in the first quarter," sai
Vareto 2.0 delivers major innovation, becoming the only planning and reporting platform to offer scalable, flexible modeling power in a multiplayer workspace. Vareto today announced the launch of the Vareto 2.0 planning and decision-making platform. A major release, Vareto 2.0 will be the first multiplayer modeling platform in the enterprise FP&A category, and the only one able to handle both the data requirements of a large business and the usability requirements of an in-house finance team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240416472558/en/Multiplayer modeling in the Vareto platform. Credit: Vareto Inc. In focus
PALO ALTO, Calif., April 2, 2024 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's first quarter financial results will be released before market open on Thursday, May 2, 2024. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Conference Call and Webcast InformationDate: Thursday, M
Appetite Finder Checks with Multiple Carriers to Gauge their Appetite for Specific Risk Profiles PALO ALTO, Calif., March 21, 2024 /PRNewswire/ -- First Connect Insurance Services, a digital platform designed to provide independent agents access to some of the nation's top carriers, announced today that it has partnered with Hiscox USA, and subsequently hit the 100-carrier and MGA milestone. First Connect also launched a new Appetite Finder feature today, making it easier for agents to match their client's coverage needs with carrier appetites. "Our growth is the direct result
PALO ALTO, Calif., March 6, 2024 /PRNewswire/ -- Hippo (NYSE: HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended December 31, 2023. Complete financial results and full year guidance for 2024 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com. "2023 was a transformational year for Hippo, highlighted by the expanded launch of our consumer agency, the continued growth and success of our Insurance-as
PALO ALTO, Calif., Feb. 5, 2024 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's fourth quarter financial results will be released before market open on Wednesday, March 6, 2024. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Conference Call and Webcast Information Date: Wednesd
PALO ALTO, Calif., Jan. 25, 2024 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the successful placement of its 2024 reinsurance program. "Our reinsurance partners have affirmed their confidence in our business with improved terms for the second year in a row," said Rick McCathron, CEO and President. "Our efforts to reduce exposure to weather-related volatility in our business, combined with our proactive approach to home protection, has continued to drive significant improvements in loss ratio, making the Hipp
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) of Spinnaker Insurance Company and its 100% reinsured subsidiaries, Spinnaker Specialty Insurance Company and Mainsail Insurance Company, collectively referred to as Spinnaker Insurance Group (Spinnaker). All companies are headquartered in Bedminster, NJ. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Spinnaker's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect Spinnaker's stron
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Keefe Bruyette downgraded Hippo from Outperform to Mkt Perform and set a new price target of $20.00 from $22.00 previously
William Blair initiated coverage of Hippo with a rating of Mkt Perform
Keefe Bruyette initiated coverage of Hippo with a rating of Outperform and set a new price target of $24.00
JMP Securities initiated coverage of Hippo Holdings with a rating of Market Perform and set a new price target of $4.00
JMP Securities initiated coverage of Hippo with a rating of Mkt Outperform and set a new price target of $4.00
Morgan Stanley initiated coverage of Hippo Holdings with a rating of Overweight and set a new price target of $4.60
Jefferies initiated coverage of Hippo Holdings with a rating of Buy and set a new price target of $8.00
Goldman Sachs initiated coverage of Hippo Holdings with a rating of Neutral and set a new price target of $5.40
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith downgrades Hippo Holdings (NYSE:HIPO) from Outperform to Market Perform and lowers the price target from $22 to $20.
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith reiterates Hippo Holdings (NYSE:HIPO) with a Outperform and raises the price target from $21 to $22.
Hippo Holdings (NYSE:HIPO) reported quarterly losses of $(1.47) per share which missed the analyst consensus estimate of $(1.27) by 15.75 percent. This is a 51.16 percent increase over losses of $(3.01) per share from the same period last year. The company reported quarterly sales of $85.100 million which beat the analyst consensus estimate of $73.036 million by 16.52 percent. This is a 113.82 percent increase over sales of $39.800 million the same period last year.
JMP Securities analyst Matthew Carletti reiterates Hippo Holdings (NYSE:HIPO) with a Market Outperform and maintains $25 price target.
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JMP Securities analyst Matthew Carletti reiterates Hippo Holdings (NYSE:HIPO) with a Market Outperform and maintains $25 price target.
PALO ALTO, Calif., July 15, 2024 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's second quarter financial results will be released before market open on Thursday, August 8, 2024. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Conference Call and Webcast Information Date: Thursd
PALO ALTO, Calif., April 2, 2024 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's first quarter financial results will be released before market open on Thursday, May 2, 2024. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Conference Call and Webcast InformationDate: Thursday, M
PALO ALTO, Calif., Feb. 5, 2024 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's fourth quarter financial results will be released before market open on Wednesday, March 6, 2024. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Conference Call and Webcast Information Date: Wednesd
PALO ALTO, Calif., Oct. 9, 2023 /PRNewswire/ -- Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's third quarter financial results will be released after market close on Thursday, November 2, 2023. The company will host a conference call and live webcast for analysts and investors at 5pm ET/2pm PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Webcast and Conference Call Details Date: Thursday,
Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended June 30, 2023. Complete financial results and full year guidance for 2023 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com. "Hippo remains on pace to turn adjusted EBITDA positive by late 2024," said Hippo President and CEO Rick McCathron. "While these are challenging times for both the industry and consumers, we believe our technological advantages provide the opportunity to surgically select attractive risks, deliver sustained growth, and c
Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's second quarter financial results will be released before market open on Tuesday, August 8, 2023. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Webcast and Conference Call Details Date: Tuesday, August 8, 2023 Time: 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time Dial-in: 404 975 4839 (U.S.) / +1 929 526 1599 (I
Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended March 31, 2023. Complete financial results and full year guidance for 2023 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com. "Hippo got off to a fast start in Q1, hitting key operational efficiency goals related to rate filings, gross loss ratio improvement, and kept operating expenses essentially flat despite growing total generated premium by 59% year-over-year," said Hippo President and CEO Rick McCathron. "We remain laser-focused on custo
Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's first quarter financial results will be released before market open on Tuesday, May 9, 2023. The company will host a conference call and live webcast for analysts and investors at 8am ET/5am PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Webcast and Conference Call Details Date: Tuesday, May 9, 2023 Time: 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time Dial-in: 404 975 4839 (U.S.) / +1 929 526 1599 (International)
Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced its consolidated financial results for the three months that ended December 31, 2022. Complete financial results and full year guidance for 2023 can be found in the company's shareholder letter in the Investor Relations section of Hippo's website at https://investors.hippo.com. "2022 was a year of rapid progress, evidenced by 33% annual growth in total gross premium and a Q4 gross loss ratio of 42%," said Hippo President and CEO Rick McCathron. "We demonstrated our ability to grow while focusing on profitability and delivering a superior customer experience. We'll build on that success in the
Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today announced the company's fourth quarter financial results will be released after market close on Thursday, March 2, 2023. The company will host a conference call and live webcast for analysts and investors at 5pm ET/2pm PT on that day. A shareholder letter with the financial results will be accessible from the investor relations section of the company's website prior to the conference call. Webcast and Conference Call Details Date: Thursday, March 2, 2023 Time: 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time Dial-in: 844 200 6205 (U.S.) / +1 929 526 1599 (International) Conf
Founder Assaf Wand to Serve as Executive Chairman Hippo (NYSE:HIPO), the home insurance group focused on proactive home protection, today appointed Richard McCathron as Chief Executive Officer. McCathron has served on Hippo's board of directors and as the company's President since February 2017. Assaf Wand, Founder and prior CEO, has become Executive Chairman of the Board to focus on long-term strategic initiatives. "Rick has been my partner every step of the way, from the creation of Hippo's strategic vision, to growing our strong stable of partnerships, to driving the company forward every day," said Wand. "In this next phase of Hippo's growth, it's a natural progression for Rick to ste
Former Hiscox and Homesite Insurance executive brings cutting-edge data & analytics expertise to further enhance the reliable, personalized claims experience Hippo provides its customers Hippo (NYSE:HIPO), the home insurance group that created a new standard of care and protection for homeowners, today announced that Grace Hanson will join the company as Hippo's first Chief Claims Officer, effective January 2022. Hanson will oversee the growth and sophistication of Hippo's claims organization as the company expands to reach more than 90 percent of U.S. homeowners this year. "Hippo is at the forefront of the customer-first approach in the home insurance space, leveraging cutting-edge techn