Neptune Insurance Holdings Inc. (NYSE:NP – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $31.8214.
Several brokerages have commented on NP. Weiss Ratings upgraded shares of Neptune Insurance from a “sell (d)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Evercore reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Neptune Insurance in a research note on Wednesday, July 22nd. Piper Sandler boosted their target price on shares of Neptune Insurance from $30.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. BMO Capital Markets lowered shares of Neptune Insurance from an “outperform” rating to a “market perform” rating and set a $32.00 target price for the company. in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 target price on shares of Neptune Insurance in a report on Wednesday, July 22nd.
Get Our Latest Stock Report on NP
Neptune Insurance Stock Performance
Neptune Insurance (NYSE:NP – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Neptune Insurance had a negative return on equity of 18.77% and a net margin of 21.45%.The company had revenue of $55.87 million for the quarter, compared to the consensus estimate of $52.38 million. Equities research analysts predict that Neptune Insurance will post 0.4 earnings per share for the current year.
Insider Activity
In other news, CFO James Steiner sold 57,012 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $31.71, for a total transaction of $1,807,850.52. Following the completion of the sale, the chief financial officer directly owned 3,749,050 shares of the company’s stock, valued at $118,882,375.50. This trade represents a 1.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $33.22, for a total value of $54,220,355.20. Following the sale, the insider directly owned 12,620,558 shares of the company’s stock, valued at approximately $419,254,936.76. This represents a 11.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,600,000 shares of company stock worth $119,413,918. Insiders own 74.26% of the company’s stock.
Hedge Funds Weigh In On Neptune Insurance
A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN acquired a new stake in Neptune Insurance during the 4th quarter worth about $28,000. PNC Financial Services Group Inc. acquired a new position in shares of Neptune Insurance in the fourth quarter worth about $125,000. Symmetry Investments LP purchased a new position in shares of Neptune Insurance in the fourth quarter worth approximately $204,000. AXQ Capital LP purchased a new position in shares of Neptune Insurance in the second quarter worth approximately $296,000. Finally, FJ Capital Management LLC acquired a new stake in shares of Neptune Insurance during the fourth quarter valued at approximately $289,000.
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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