Neptune Insurance Holdings Inc. (NYSE:NP) Receives Average Rating of “Moderate Buy” from Analysts

Neptune Insurance Holdings Inc. (NYSE:NP) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $31.8214.

Several equities analysts have weighed in on NP shares. Weiss Ratings raised Neptune Insurance from a “sell (d)” rating to a “hold (c)” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price target on shares of Neptune Insurance in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on Neptune Insurance from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Neptune Insurance from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Finally, Evercore reiterated an “outperform” rating and set a $36.00 price objective on shares of Neptune Insurance in a research note on Wednesday, July 22nd.

Insider Transactions at Neptune Insurance

In related news, major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of the stock in a transaction that occurred 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 sale, the insider owned 12,620,558 shares in the company, valued at approximately $419,254,936.76. This trade represents a 11.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James Steiner sold 57,012 shares of Neptune Insurance stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $31.71, for a total transaction of $1,807,850.52. Following the completion of the transaction, the chief financial officer directly owned 3,749,050 shares in the company, valued at $118,882,375.50. This trade represents a 1.50% 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 valued at $119,413,918. Company insiders own 74.26% of the company’s stock.

Institutional Trading of Neptune Insurance

Several large investors have recently bought and sold shares of the business. Wells Fargo & Company MN acquired a new position in Neptune Insurance during the fourth quarter worth about $28,000. PNC Financial Services Group Inc. boosted its stake in shares of Neptune Insurance by 73.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,440 shares of the company’s stock valued at $180,000 after purchasing an additional 3,146 shares in the last quarter. Grandeur Peak Global Advisors LLC grew its holdings in shares of Neptune Insurance by 22.0% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 18,512 shares of the company’s stock valued at $583,000 after purchasing an additional 3,339 shares during the last quarter. Symmetry Investments LP acquired a new position in Neptune Insurance during the 4th quarter worth approximately $204,000. Finally, AXQ Capital LP acquired a new position in Neptune Insurance during the 2nd quarter worth approximately $296,000.

Neptune Insurance Stock Down 0.1%

NYSE NP opened at $34.17 on Friday. The firm has a 50-day moving average price of $31.69 and a two-hundred day moving average price of $27.08. Neptune Insurance has a 12-month low of $14.78 and a 12-month high of $35.15. The company has a market capitalization of $4.69 billion and a P/E ratio of 136.70.

Neptune Insurance (NYSE:NP) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.15 earnings per share 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 the consensus estimate of $52.38 million. Neptune Insurance had a net margin of 21.45% and a negative return on equity of 18.77%. Equities analysts expect that Neptune Insurance will post 0.4 EPS for the current year.

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.