Hippo (HIPO)
Pairs homeowners insurance with insurer capacity and home-protection services.
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Combines a Hippo-branded homeowners-insurance program with Spinnaker's insurance-capacity business. Its activities span program services, insurance capacity for MGAs, and home-protection services, with reinsurance shaping the operating model.
Sells Hippo-branded homeowners insurance and joins it with home-protection services. It operates as a broader property-and-casualty platform with a Services business.
This includes Spinnaker, its Insurance-as-a-Service business, which supplies admitted and excess-and-surplus insurance capacity to managing general agents while ceding most underwriting risk to a reinsurance panel. Hippo sold a majority stake in the independent-agent platform First Connect but remains a customer, partner, and minority shareholder.
The group consolidated catastrophe reinsurance and placed a whole-account quota share across its property-and-casualty programs. Reinsurance counterparties and risk-transfer execution are structural operating dependencies.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Oct 14, 2025 | JMP Securities | Reiterate | Rating: —Target: $4 | Target: $45 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $444.8M · Total debt $50.7M · Total assets $2.32B · Shareholders' equity $465.6M
- Revenue
- $144.7M
- Operating income
- $11.0M
- Net income
- $10.1M
No dividends on record.
| Institutions | ≈ 44.77% | 11.82M shares | |
|---|---|---|---|
| 140 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 15.42% | 4.07M shares | |
| 19 holders · as of Sep 11, 2026 | |||
| Strategic holders | 17.24% | 4.55M shares | |
| 2 holders · as of Mar 6, 2026 | |||
| Other | ≈ 22.57% | 5.96M shares | |
| remainder | |||
26.39M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Len FW Investor, LLCStrategicother: Former 10% Owner | 9.38% | 2.48M | filed Jul 3, 2025 |
The Lennar Foundation, Inc.Strategic | 7.85% | 2.07M | filed Mar 6, 2026 |
BlackRock, Inc.Institution | 5.68% | 1.50M | as of Jun 30, 2026 |
Akin Thomas B.Insider | 5.61% | 1.48M | filed Feb 12, 2026 |
Assaf WandInsiderdirector, officer: Executive Chairman BoD | 4.39% | 1.16M | filed Apr 3, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 9, 2026 | Richard McCathron | director, officer: Chief Executive Officer | −5,000 | $32.23 |
| Aug 17, 2026 | Torben Ostergaard | officer: CEO Spinnaker | −1,169 | $33.00 |
| Aug 10, 2026 | Richard McCathron | director, officer: Chief Executive Officer | −5,000 | $32.00 |
| Jul 28, 2026 | Guy Zeltser | officer: Chief Financial Officer | −1,669 | $30.98 |
| Jul 9, 2026 | Richard McCathron | director, officer: Chief Executive Officer | −5,000 | $28.53 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hippo | $30.63 | −2.36% | $827.8M | 6.7 | 23.6 | 1.6 | +23.4% |
| Lemonade | $45.31 | −5.00% | $3.66B | — | — | 3.9 | +79.4% |
| Slide Insurance | $23.30 | −2.39% | $2.79B | 5.8 | 6.6 | 2.0 | +16.7% |
| Universal Insurance | $42.83 | −0.46% | $1.20B | 5.7 | 9.9 | 0.7 | +55.3% |
| HCI Group | $177.45 | −1.54% | $2.30B | 7.4 | 8.7 | 2.4 | +11.2% |
| Palomar | $130.62 | −0.70% | $3.49B | 17.7 | 12.1 | 3.2 | +210.1% |
| Median | 6.6 | 9.3 | 2.4 | +55.3% |