Neptune Insurance (NYSE:NP) CFO James Steiner Sells 57,012 Shares of Stock

Neptune Insurance Holdings Inc. (NYSE:NP) CFO James Steiner sold 57,012 shares of Neptune Insurance stock in a transaction dated 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 transaction, the chief financial officer owned 3,749,050 shares of the company’s stock, valued at approximately $118,882,375.50. The trade was a 1.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

James Steiner also recently made the following trade(s):

• On Wednesday, August 12th, James Steiner sold 42,988 shares of Neptune Insurance stock. The shares were sold at an average price of $31.08, for a total transaction of $1,336,067.04.

Neptune Insurance Price Performance

Shares of NP opened at $31.82 on Friday. Neptune Insurance Holdings Inc. has a 1-year low of $14.78 and a 1-year high of $35.15. The stock has a market cap of $4.37 billion and a price-to-earnings ratio of 127.30. The firm has a 50 day simple moving average of $30.65 and a 200-day simple moving average of $26.56.

Neptune Insurance (NYSE:NP) last posted its earnings results on Tuesday, July 21st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $55.87 million for the quarter, compared to analyst estimates of $52.38 million. Neptune Insurance had a negative return on equity of 18.77% and a net margin of 21.45%. On average, equities analysts expect that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Neptune Insurance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank acquired a new stake in shares of Neptune Insurance during the 4th quarter worth $1,507,000. Sei Investments Co. raised its position in Neptune Insurance by 203.3% in the first quarter. Sei Investments Co. now owns 59,114 shares of the company’s stock valued at $1,430,000 after purchasing an additional 39,626 shares during the period. Renaissance Technologies LLC raised its position in Neptune Insurance by 874.4% in the first quarter. Renaissance Technologies LLC now owns 160,703 shares of the company’s stock valued at $3,887,000 after purchasing an additional 144,210 shares during the period. Vanguard Group Inc. acquired a new position in shares of Neptune Insurance during the fourth quarter worth about $47,063,000. Finally, Azora Capital LP acquired a new position in shares of Neptune Insurance during the fourth quarter worth about $21,695,000.

Analysts Set New Price Targets

NP has been the topic of a number of analyst reports. Mizuho increased their price objective on Neptune Insurance from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Weiss Ratings raised shares of Neptune Insurance from a “sell (d)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods reduced their target price on shares of Neptune Insurance from $34.00 to $33.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Wells Fargo & Company raised their price target on shares of Neptune Insurance from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Neptune Insurance from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.46.

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.