FY2022 EPS Estimates for Hippo Holdings Inc. (NYSE:HIPO) Decreased by Analyst

Hippo Holdings Inc. (NYSE:HIPOGet Rating) – Stock analysts at Jefferies Financial Group dropped their FY2022 earnings per share (EPS) estimates for Hippo in a note issued to investors on Wednesday, January 18th. Jefferies Financial Group analyst Y. Kinar now forecasts that the company will post earnings of ($12.15) per share for the year, down from their prior forecast of ($12.10). The consensus estimate for Hippo’s current full-year earnings is ($12.15) per share. Jefferies Financial Group also issued estimates for Hippo’s Q4 2022 earnings at ($2.74) EPS.

Hippo (NYSE:HIPOGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($3.16) EPS for the quarter, missing analysts’ consensus estimates of ($2.81) by ($0.35). The company had revenue of $30.70 million during the quarter, compared to analyst estimates of $32.82 million. Hippo had a negative net margin of 285.35% and a negative return on equity of 35.79%.

HIPO has been the topic of a number of other research reports. Morgan Stanley decreased their target price on Hippo from $51.50 to $17.50 and set an “overweight” rating on the stock in a research report on Tuesday, November 22nd. Keefe, Bruyette & Woods began coverage on Hippo in a research report on Thursday, November 17th. They issued an “outperform” rating and a $24.00 target price on the stock. JMP Securities decreased their target price on Hippo from $100.00 to $70.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 18th. Finally, The Goldman Sachs Group decreased their target price on Hippo from $28.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, January 9th.

Hippo Stock Down 0.4 %

HIPO stock opened at $17.02 on Monday. The company has a market cap of $392.52 million, a PE ratio of -1.16 and a beta of 0.57. The business has a 50-day simple moving average of $14.41 and a 200 day simple moving average of $18.24. Hippo has a 52 week low of $11.30 and a 52 week high of $57.75.

Institutional Trading of Hippo

Several hedge funds and other institutional investors have recently made changes to their positions in HIPO. Vanguard Group Inc. grew its holdings in shares of Hippo by 135.5% during the first quarter. Vanguard Group Inc. now owns 15,042,378 shares of the company’s stock worth $29,934,000 after purchasing an additional 8,655,415 shares during the last quarter. State Street Corp boosted its holdings in Hippo by 157.7% in the second quarter. State Street Corp now owns 4,045,702 shares of the company’s stock valued at $3,555,000 after acquiring an additional 2,475,532 shares during the last quarter. Northern Trust Corp boosted its holdings in Hippo by 237.3% in the second quarter. Northern Trust Corp now owns 2,473,055 shares of the company’s stock valued at $2,174,000 after acquiring an additional 1,739,907 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Hippo by 265.8% in the first quarter. Renaissance Technologies LLC now owns 2,084,106 shares of the company’s stock valued at $4,147,000 after acquiring an additional 1,514,406 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hippo in the second quarter valued at approximately $1,226,000.

About Hippo

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Hippo Holdings Inc provides home protection insurance 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.

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