HIPO Stock Summary and Trading Ideas (Hippo Holdings | NYSE:HIPO)

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.

Hippo Holdings trades on the NYSE stock market under the symbol HIPO.

As of December 11, 2024, HIPO stock price climbed to $28.80 with 100,043 million shares trading.

HIPO has a beta of 1.30, meaning it tends to be more sensitive to market movements. HIPO has a correlation of 0.04 to the broad based SPY ETF.

HIPO has a market cap of $701.56 million. This is considered a Small Cap stock.

Last quarter Hippo Holdings reported $96 million in Revenue and -$.34 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.57.

In the last 3 years, HIPO traded as high as $78.00 and as low as $6.65.

The top ETF exchange traded funds that HIPO belongs to (by Net Assets): IWM, VTI, VXF, IWN, SCHA.

HIPO has outperformed the market in the last year with a return of +236.1%, while the SPY ETF gained +33.5%. In the last 3 month period, HIPO beat the market returning +59.3%, while SPY returned +11.0%. However, in the most recent 2 weeks HIPO has underperformed the stock market by returning -11.6%, while SPY returned +1.1%.

HIPO support price is $27.44 and resistance is $29.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HIPO shares will trade within this expected range on the day.