Hippo HoldingsHIPO
Market Cap: $450M
About: Hippo Holdings Inc is a home insurance group that created a new standard of care and protection for homeowners. It provides insurance for computers, home offices, electronics, appliances, water backup, and service line coverage, among others. It has three reportable segments Services segment earns fees and commission income without assuming underwriting risk or need for reinsurance, Insurance-as-a-Service managed through the Company's subsidiary Spinnaker is a platform to support third-party MGAs, and the Hippo Home Insurance Program engaged in homeowners insurance business. It generates the majority of its revenue from the Insurance-as-a-Service segment.
Employees: 516
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
647% more call options, than puts
Call options by funds: $7.11M | Put options by funds: $951K
100% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 16
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
0.85% more ownership
Funds ownership: 34.51% [Q1] → 35.36% (+0.85%) [Q2]
3% less capital invested
Capital invested by funds: $153M [Q1] → $148M (-$4.75M) [Q2]
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
1% less funds holding
Funds holding: 81 [Q1] → 80 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Thomas McJoynt-Griffith 50% 1-year accuracy 5 / 10 met price target | 16%upside $21 | Market Perform Maintained | 19 Aug 2024 |
Keefe, Bruyette & Woods Thomas McJoynt-Griffith 50% 1-year accuracy 5 / 10 met price target | 11%upside $20 | Market Perform Downgraded | 22 Jul 2024 |