Neptune Insurance Holdings Inc. (NYSE:NP – Get Free Report) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.7308.
NP has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Neptune Insurance in a report on Monday, April 20th. Bank of America boosted their price objective on Neptune Insurance from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Mizuho boosted their price objective on Neptune Insurance from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Keefe, Bruyette & Woods boosted their price objective on Neptune Insurance from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Morgan Stanley boosted their price objective on Neptune Insurance from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st.
Read Our Latest Research Report on Neptune Insurance
Neptune Insurance Stock Performance
Neptune Insurance (NYSE:NP – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $37.80 million for the quarter, compared to analyst estimates of $36.96 million. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. Equities analysts predict that Neptune Insurance will post 0.4 earnings per share for the current year.
Insider Buying and Selling
In other Neptune Insurance news, major shareholder Vii L.P. Ftv sold 787,806 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.40, for a total transaction of $20,798,078.40. Following the completion of the sale, the insider directly owned 16,310,781 shares of the company’s stock, valued at approximately $430,604,618.40. The trade was a 4.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Hold 101 Lp Bsiv sold 688,403 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.40, for a total value of $18,173,839.20. Following the sale, the insider directly owned 14,252,718 shares of the company’s stock, valued at $376,271,755.20. This represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,317,604 shares of company stock valued at $298,784,746 over the last three months. Corporate insiders own 74.26% of the company’s stock.
Hedge Funds Weigh In On Neptune Insurance
Several institutional investors have recently modified their holdings of NP. Bregal Sagemount IV General Partner Jersey Ltd bought a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $569,509,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $133,488,000. Vanguard Group Inc. bought a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $47,063,000. Capital World Investors bought a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $32,091,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $29,051,000.
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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