Neptune Insurance Holdings Inc. (NYSE:NP) Receives $28.25 Average PT from Analysts

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.8214.

Several equities analysts recently issued reports on NP shares. Raymond James Financial reissued an “outperform” rating on shares of Neptune Insurance in a report on Monday, April 27th. Morgan Stanley lifted their target price on shares of Neptune Insurance from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Wells Fargo & Company began coverage on Neptune Insurance in a report on Tuesday, June 30th. They issued an “overweight” rating and a $35.00 target price on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $34.00 price target (up from $32.00) on shares of Neptune Insurance in a research report on Wednesday. Finally, Evercore reiterated an “outperform” rating on shares of Neptune Insurance in a research report on Friday, May 8th.

Neptune Insurance Trading Down 1.5%

NP stock traded down $0.47 during trading on Friday, hitting $31.85. The company had a trading volume of 344,866 shares, compared to its average volume of 985,222. The company has a fifty day moving average price of $28.50 and a two-hundred day moving average price of $25.90. Neptune Insurance has a fifty-two week low of $14.78 and a fifty-two week high of $34.61. The company has a market cap of $4.41 billion and a P/E ratio of 117.97.

Neptune Insurance (NYSE:NP) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $37.80 million for the quarter, compared to analyst estimates of $36.96 million. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, analysts expect that Neptune Insurance will post 0.4 earnings per share for the current year.

Insider Transactions at Neptune Insurance

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 688,403 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total value of $18,173,839.20. Following the completion of the sale, the insider owned 14,252,718 shares in the company, valued at approximately $376,271,755.20. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Vii L.P. Ftv sold 787,806 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $26.40, for a total transaction of $20,798,078.40. Following the completion of the transaction, the insider directly owned 16,310,781 shares of the company’s stock, valued at approximately $430,604,618.40. This represents a 4.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 11,317,604 shares of company stock worth $298,784,746. Insiders own 74.26% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN bought a new position in Neptune Insurance in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. acquired a new position in shares of Neptune Insurance during the fourth quarter valued at $125,000. FNY Investment Advisers LLC acquired a new position in shares of Neptune Insurance during the third quarter valued at $171,000. Symmetry Investments LP bought a new position in Neptune Insurance in the fourth quarter valued at about $204,000. Finally, FJ Capital Management LLC bought a new position in Neptune Insurance in the fourth quarter valued at about $289,000.

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.