Neptune Insurance (NYSE:NP) Price Target Raised to $22.50 at Bank of America

Neptune Insurance (NYSE:NP) had its price objective increased by Bank of America from $21.00 to $22.50 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an underperform rating on the stock.

A number of other research firms also recently commented on NP. Mizuho initiated coverage on shares of Neptune Insurance in a report on Monday, October 27th. They issued an “underperform” rating and a $23.00 price objective for the company. BMO Capital Markets initiated coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They issued a “market perform” rating and a $25.00 price target on the stock. Zacks Research raised shares of Neptune Insurance to a “hold” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Keefe, Bruyette & Woods began coverage on shares of Neptune Insurance in a report on Monday, October 27th. They issued a “market perform” rating and a $26.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.88.

Neptune Insurance Stock Down 1.4%

Shares of Neptune Insurance stock opened at $24.80 on Thursday. The business has a 50-day moving average price of $28.52 and a 200 day moving average price of $30.79. Neptune Insurance has a fifty-two week low of $22.30 and a fifty-two week high of $33.23. The firm has a market cap of $3.42 billion, a P/E ratio of -15.12 and a beta of 1.46. The company has a quick ratio of 1.22, a current ratio of 2.01 and a debt-to-equity ratio of 1.55.

Neptune Insurance (NYSE:NP) last released its earnings results on Wednesday, November 12th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Neptune Insurance had a positive return on equity of 11.06% and a negative net margin of 2.53%.The firm had revenue of $44.37 million for the quarter, compared to the consensus estimate of $42.58 million. Neptune Insurance has set its FY 2026 guidance at EPS.

Insider Buying and Selling at Neptune Insurance

In other news, major shareholder Hold 101 Lp Bsiv sold 820,123 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $18.75, for a total transaction of $15,377,306.25. Following the completion of the transaction, the insider owned 19,530,472 shares in the company, valued at approximately $366,196,350. This represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Vii L.P. Ftv sold 678,019 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $18.75, for a total transaction of $12,712,856.25. Following the completion of the sale, the insider directly owned 22,350,631 shares in the company, valued at approximately $419,074,331.25. This trade represents a 2.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On Neptune Insurance

An institutional investor recently bought a new position in Neptune Insurance stock. Emerald Mutual Fund Advisers Trust acquired a new position in Neptune Insurance Holdings Inc. (NYSE:NP) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,761 shares of the company’s stock, valued at approximately $792,000. 93.37% of the stock is currently owned by institutional investors and hedge funds.

Neptune Insurance Company Profile

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.