Neptune Insurance Holdings Inc. (NYSE:NP – Get Free Report) major shareholder Hold 101 Lp Bsiv sold 4,589,351 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $26.40, for a total transaction of $121,158,866.40. Following the transaction, the insider owned 14,941,121 shares in the company, valued at $394,445,594.40. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Hold 101 Lp Bsiv also recently made the following trade(s):
- On Tuesday, May 19th, Hold 101 Lp Bsiv sold 688,403 shares of Neptune Insurance stock. The shares were sold at an average price of $26.40, for a total transaction of $18,173,839.20.
Neptune Insurance Price Performance
Shares of NYSE NP opened at $27.33 on Friday. Neptune Insurance Holdings Inc. has a one year low of $14.78 and a one year high of $33.23. The firm’s 50 day simple moving average is $25.43 and its two-hundred day simple moving average is $25.02. The stock has a market capitalization of $3.78 billion and a P/E ratio of 101.23.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on NP shares. Evercore reissued an “outperform” rating on shares of Neptune Insurance in a research note on Friday, May 8th. Keefe, Bruyette & Woods increased their price objective on Neptune Insurance from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Bank of America increased their price objective on Neptune Insurance from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Neptune Insurance in a research note on Monday, April 20th. Finally, BMO Capital Markets raised Neptune Insurance from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $25.00 to $20.00 in a research note on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.73.
Get Our Latest Stock Analysis on Neptune Insurance
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Maltese Capital Management LLC purchased a new position in Neptune Insurance during the 3rd quarter valued at $3,200,000. Comerica Bank purchased a new position in Neptune Insurance during the fourth quarter valued at $1,507,000. Vanguard Group Inc. purchased a new position in Neptune Insurance during the fourth quarter valued at $47,063,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Neptune Insurance during the fourth quarter valued at $2,068,000. Finally, TimesSquare Capital Management LLC purchased a new position in Neptune Insurance during the fourth quarter valued at $12,260,000.
About Neptune Insurance
Our mission is to create a smarter, more resilient insurance platform powered by AI, data science, and technology, enabling insurers to deploy capacity with confidence and delivering instant access to coverage for policyholders and agents. Neptune is a leading, high-growth, highly profitable, data-driven managing general agent that is revolutionizing the way homeowners and businesses protect against the growing risks of flooding. We offer a range of easy-to-purchase residential and commercial insurance products — including primary flood insurance, excess flood insurance, and parametric earthquake insurance — distributed through a nationwide network of agencies.
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