Trevor Burgess Acquires 50,000 Shares of Neptune Insurance (NYSE:NP) Stock

Neptune Insurance Holdings Inc. (NYSE:NP) CEO Trevor Burgess bought 50,000 shares of Neptune Insurance stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $18.71 per share, with a total value of $935,500.00. Following the completion of the transaction, the chief executive officer owned 2,082,964 shares of the company’s stock, valued at $38,972,256.44. This trade represents a 2.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Neptune Insurance Price Performance

Shares of Neptune Insurance stock opened at $21.87 on Friday. Neptune Insurance Holdings Inc. has a 52-week low of $14.78 and a 52-week high of $33.23. The firm has a market capitalization of $3.02 billion and a PE ratio of 99.42. The company’s fifty day moving average price is $23.12 and its two-hundred day moving average price is $26.29.

Neptune Insurance (NYSE:NP) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $43.77 million for the quarter, compared to the consensus estimate of $39.42 million.

Hedge Funds Weigh In On Neptune Insurance

Several institutional investors have recently bought and sold shares of NP. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Neptune Insurance in the third quarter valued at $792,000. FJ Capital Management LLC acquired a new position in Neptune Insurance during the 4th quarter worth about $289,000. CenterBook Partners LP bought a new stake in Neptune Insurance during the 4th quarter worth about $1,206,000. Capital World Investors acquired a new stake in Neptune Insurance in the 4th quarter valued at about $32,091,000. Finally, Capital International Investors acquired a new stake in Neptune Insurance in the 4th quarter valued at about $20,412,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings started coverage on Neptune Insurance in a research note on Wednesday, December 24th. They issued a “sell (d)” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $32.50 price target on shares of Neptune Insurance in a research note on Wednesday, January 7th. Raymond James Financial set a $24.00 price target on Neptune Insurance in a research report on Monday, February 23rd. BMO Capital Markets upgraded Neptune Insurance from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $25.00 to $20.00 in a research note on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Neptune Insurance from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.50.

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.