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

Neptune Insurance Holdings Inc. (NYSE:NP) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $31.8214.

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price target on Neptune Insurance from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 price objective on shares of Neptune Insurance in a report on Wednesday, July 22nd. Mizuho lifted their target price on shares of Neptune Insurance from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings raised Neptune Insurance from a “sell (d)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Finally, Piper Sandler lifted their target price on Neptune Insurance from $30.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th.

Insider Buying and Selling at Neptune Insurance

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of the business’s 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 completion of the transaction, the insider owned 12,620,558 shares in the company, valued at $419,254,936.76. The trade was a 11.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Vii L.P. Ftv sold 1,867,840 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $33.22, for a total transaction of $62,049,644.80. Following the transaction, the insider owned 14,442,941 shares of the company’s stock, valued at approximately $479,794,500.02. The trade was a 11.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,600,000 shares of company stock valued at $119,413,918 in the last quarter. Corporate insiders own 74.26% of the company’s stock.

Institutional Investors Weigh In On Neptune Insurance

A number of institutional investors and hedge funds have recently bought and sold shares of NP. Bregal Sagemount IV General Partner Jersey Ltd purchased a new stake in Neptune Insurance in the fourth quarter valued at approximately $569,509,000. T. Rowe Price Investment Management Inc. acquired a new position in Neptune Insurance in the fourth quarter valued at $133,488,000. Vanguard Group Inc. purchased a new position in shares of Neptune Insurance during the fourth quarter worth about $47,063,000. California State Teachers Retirement System raised its stake in Neptune Insurance by 6,014.4% during the 2nd quarter. California State Teachers Retirement System now owns 1,322,780 shares of the company’s stock valued at $41,993,000 after acquiring an additional 1,301,146 shares during the last quarter. Finally, Capital World Investors acquired a new stake in Neptune Insurance during the 4th quarter worth approximately $32,091,000.

Neptune Insurance Stock Performance

Shares of Neptune Insurance stock opened at $33.77 on Friday. Neptune Insurance has a one year low of $14.78 and a one year high of $35.15. The company has a market cap of $4.63 billion and a price-to-earnings ratio of 135.08. The business’s 50 day moving average price is $31.79 and its 200 day moving average price is $27.13.

Neptune Insurance (NYSE:NP) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Neptune Insurance had a net margin of 21.45% and a negative return on equity of 18.77%. The business had revenue of $55.87 million during the quarter, compared to the consensus estimate of $52.38 million. On average, analysts predict that Neptune Insurance will post 0.4 EPS for the current fiscal 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.