Neptune Insurance (NYSE:NP – Get Free Report) will likely be announcing its results after the market closes on Tuesday, October 20th. Analysts expect Neptune Insurance to announce earnings of $0.1587 per share and revenue of $56.59 million for the quarter.
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, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $55.87 million during the quarter, compared to analysts’ expectations of $52.38 million. Neptune Insurance had a negative return on equity of 18.77% and a net margin of 21.45%. On average, analysts expect Neptune Insurance to post $0.40 EPS for the current fiscal year and $0.47 EPS for the next fiscal year.
Neptune Insurance Stock Performance
Shares of NYSE:NP opened at $29.27 on Friday. The stock has a market capitalization of $4.02 billion and a price-to-earnings ratio of 117.06. The stock’s 50-day simple moving average is $30.55 and its two-hundred day simple moving average is $29.25. Neptune Insurance has a 52-week low of $14.78 and a 52-week high of $35.15.
Insider Activity at Neptune Insurance
In related news, major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of Neptune Insurance stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $33.22, for a total transaction of $54,220,355.20. Following the transaction, the insider owned 12,620,558 shares in the company, valued at approximately $419,254,936.76. The trade was a 11.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Carlon sold 50,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $31.15, for a total transaction of $1,557,500.00. Following the completion of the transaction, the director directly owned 603,500 shares of the company’s stock, valued at $18,799,025. This represents a 7.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,815,570 shares of company stock worth $125,567,525 in the last 90 days. Company insiders own 74.26% of the company’s stock.
Wall Street Analysts Forecast Growth
NP has been the topic of several recent research reports. Weiss Ratings cut shares of Neptune Insurance from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. 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 report on Thursday, July 30th. Piper Sandler boosted their target price on shares of Neptune Insurance from $30.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Morgan Stanley raised shares of Neptune Insurance from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $31.00 to $36.00 in a report on Wednesday, August 19th. Finally, Mizuho reduced their target price on shares of Neptune Insurance from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Neptune Insurance presently has an average rating of “Moderate Buy” and an average price target of $31.54.
About Neptune Insurance
Neptune Insurance is a technology-enabled insurance company focused on providing flood insurance coverage for residential and commercial property owners. Its offerings are designed to complement or supplement coverage available through the National Flood Insurance Program and traditional homeowners’ insurance policies, which generally provide limited protection against flood damage.
The company distributes its policies through insurance agents and brokers, using a digital platform intended to streamline quoting, underwriting, policy management and claims handling.
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