Neptune Insurance Holdings Inc. (NYSE:NP – Free Report) – Investment analysts at DOWLING & PARTN boosted their FY2027 earnings per share (EPS) estimates for Neptune Insurance in a note issued to investors on Tuesday, October 27th. DOWLING & PARTN analyst A. Mottolese now expects that the company will post earnings of $0.56 per share for the year, up from their previous estimate of $0.46. The consensus estimate for Neptune Insurance’s current full-year earnings is $0.41 per share.
Neptune Insurance (NYSE:NP – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Neptune Insurance had a net margin of 22.71% and a negative return on equity of 26.63%. The company had revenue of $59.57 million during the quarter, compared to analyst estimates of $56.59 million.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Neptune Insurance in a report on Wednesday, September 23rd. Piper Sandler reissued an “overweight” rating on shares of Neptune Insurance in a research report on Monday, October 19th. Weiss Ratings upgraded Neptune Insurance from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Keefe, Bruyette & Woods raised their target price on Neptune Insurance from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, October 21st. Finally, BMO Capital Markets downgraded Neptune Insurance from an “outperform” rating to a “market perform” rating and set a $32.00 target price on the stock. in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.29.
Neptune Insurance Price Performance
NYSE NP opened at $28.89 on Friday. Neptune Insurance has a 1-year low of $14.78 and a 1-year high of $35.15. The stock has a market capitalization of $3.96 billion and a price-to-earnings ratio of 71.90. The business’s fifty day moving average price is $30.05 and its 200-day moving average price is $27.47.
Insiders Place Their Bets
In related news, insider Matthew Duffy sold 84,441 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $28.10, for a total value of $2,372,792.10. Following the sale, the insider directly owned 1,879,798 shares in the company, valued at approximately $52,822,323.80. The trade was a 4.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Carlon sold 50,000 shares of the company’s stock in a transaction that occurred 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 directly owned 603,500 shares in the company, valued at $18,799,025. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 315,570 shares of company stock worth $9,297,525 in the last 90 days. 74.26% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Neptune Insurance
Several large investors have recently modified their holdings of NP. State of Wyoming raised its holdings in Neptune Insurance by 80.7% during the 3rd quarter. State of Wyoming now owns 5,026 shares of the company’s stock valued at $137,000 after buying an additional 2,244 shares during the period. Nisa Investment Advisors LLC boosted its stake in Neptune Insurance by 41.1% during the third quarter. Nisa Investment Advisors LLC now owns 1,727 shares of the company’s stock worth $47,000 after buying an additional 503 shares during the period. State of Alaska Department of Revenue purchased a new position in Neptune Insurance during the third quarter worth $105,000. BlueCrest Capital Management Ltd bought a new position in Neptune Insurance during the second quarter valued at $1,418,000. Finally, Arizona State Retirement System bought a new position in Neptune Insurance during the second quarter valued at $329,000.
About Neptune Insurance
Neptune Insurance is a technology-enabled insurance company focused primarily on flood coverage for residential and commercial policyholders. Its platform is designed to streamline the insurance process, including quoting, underwriting and policy management, while providing coverage tailored to properties that may face flood-related risks.
The company offers flood insurance products for homeowners, renters, landlords and businesses. Its offerings are intended to complement or provide an alternative to coverage available through traditional government and private-market flood insurance programs, depending on the policyholder’s location and eligibility.
Neptune’s business is primarily focused on the United States, where flood risk varies significantly by geography and many properties are outside federally designated high-risk areas.
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