Hippo Holdings

HIPO · NYSE

$37.33+$1.83 (+5.15%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $35.50

HIPO analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 7 analysts

Average $43.15 (+15.6% upside)

Low: $35.35
Now: $37.33
High: $49.35

Upgrades and downgrades

The latest rating actions, newest first

HIPO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Aug 6, 2026	Maintains	Market Perform	$33.00 → $35.00	65%
B. Riley Securities	Aug 3, 2026	Maintains	Buy	$38.00 → $41.50	66%
Keefe, Bruyette & Woods	Jul 8, 2026	Maintains	Market Perform	$32.00 → $33.00	65%
Keefe, Bruyette & Woods	May 7, 2026	Maintains	Market Perform	$30.00 → $32.00	65%
Keefe, Bruyette & Woods	Apr 7, 2026	Maintains	Market Perform	$33.00 → $30.00	65%
Keefe, Bruyette & Woods	Mar 6, 2026	Maintains	Market Perform	$34.00 → $33.00	65%
Keefe, Bruyette & Woods	Dec 10, 2025	Maintains	Market Perform	$33.00 → $34.00	65%

The case for and against

Updated Sep 11, 2024

Bull case

Hippo Holdings Inc. demonstrated significant growth, with a gross placed premium (GPP) increase of 61% year-over-year in Q3 2023, highlighting the company's robust expansion in its insurance offerings. The Insurance-as-a-Service (IAAS) segment experienced an impressive 84% year-over-year growth in total generated premium, underscoring the strength and scalability of its platform. Additionally, projected growth in net written premium (NWP) of 73% year-over-year for 2024, along with a focus on capital adequacy and risk distribution, positions Hippo Holdings favorably for continued financial advancement in a stabilizing insurance market.

Bear case

The financial outlook for Hippo Holdings Inc. is concerning due to a projected total gross premiums (TGP) decline of -30% year-over-year in 2024, following a prior -2% decline in 2023 attributed to a nationwide pause on new business operations. Despite a slight anticipated growth of +10% in 2025, the company continues to experience significant EBITDA losses exceeding $200 million over the past two years, driven by a combination of unfavorable weather conditions and inherent weaknesses in underwriting practices. Additionally, ongoing challenges such as high expenses, a lack of operational scale, and uncertainties in the reinsurance market further heighten the risks surrounding Hippo Holdings's financial stability and long-term profitability.

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