Neptune Insurance (NYSE:NP) Director Jonathan Winant Carlon Sells 50,000 Shares

Neptune Insurance Holdings Inc. (NYSE:NPGet Free Report) Director Jonathan Carlon sold 50,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $31.15, for a total value of $1,557,500.00. Following the sale, the director owned 603,500 shares in the company, valued at approximately $18,799,025. The trade was a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Neptune Insurance Stock Down 1.7%

NYSE:NP opened at $30.79 on Wednesday. Neptune Insurance Holdings Inc. has a 52-week low of $14.78 and a 52-week high of $35.15. The stock has a fifty day simple moving average of $32.06 and a 200-day simple moving average of $28.20. The company has a market capitalization of $4.23 billion and a PE ratio of 123.17.

Neptune Insurance (NYSE:NPGet Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $0.15 EPS for the quarter, beating 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 firm had revenue of $55.87 million for the quarter, compared to analysts’ expectations of $52.38 million. As a group, equities analysts anticipate that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On Neptune Insurance

Several institutional investors and hedge funds have recently modified their holdings of NP. Bregal Sagemount IV General Partner Jersey Ltd purchased a new stake in shares of Neptune Insurance during the 4th quarter valued at about $569,509,000. Capital World Investors acquired a new stake in Neptune Insurance in the fourth quarter valued at approximately $32,091,000. Azora Capital LP acquired a new stake in Neptune Insurance in the fourth quarter valued at approximately $21,695,000. Capital International Investors purchased a new stake in shares of Neptune Insurance during the fourth quarter valued at approximately $20,412,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Neptune Insurance during the fourth quarter worth $12,260,000.

Analyst Upgrades and Downgrades

NP has been the topic of a number of research analyst reports. BMO Capital Markets lowered Neptune Insurance from an “outperform” rating to a “market perform” rating and set a $32.00 price target on the stock. in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $33.00 price objective on shares of Neptune Insurance in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and set a $36.00 price objective on shares of Neptune Insurance in a report on Wednesday, July 22nd. 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 report on Wednesday, July 15th. Finally, Mizuho upped their price target on shares of Neptune Insurance from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.82.

Get Our Latest Research Report on NP

Neptune Insurance Company Profile

(Get Free Report)

Neptune Insurance, commonly known as Neptune Flood, is a U.S.-focused insurtech company specializing in private flood insurance. Its products are designed to provide alternatives to coverage available through the National Flood Insurance Program and may cover residential properties, personal belongings, additional living expenses and certain commercial properties, subject to policy terms and availability.

The company distributes its insurance through independent agents and uses technology to support quoting, underwriting and policy administration.

Further Reading

Insider Buying and Selling by Quarter for Neptune Insurance (NYSE:NP)

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