Sei Investments Co. Has $1.43 Million Stake in Neptune Insurance Holdings Inc. $NP

Sei Investments Co. raised its stake in shares of Neptune Insurance Holdings Inc. (NYSE:NP) by 203.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 59,114 shares of the company’s stock after acquiring an additional 39,626 shares during the quarter. Sei Investments Co.’s holdings in Neptune Insurance were worth $1,430,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Comerica Bank acquired a new stake in Neptune Insurance during the fourth quarter worth about $1,507,000. Vanguard Group Inc. acquired a new position in Neptune Insurance in the 4th quarter valued at approximately $47,063,000. Azora Capital LP acquired a new position in Neptune Insurance in the 4th quarter valued at approximately $21,695,000. Bregal Sagemount IV General Partner Jersey Ltd bought a new stake in shares of Neptune Insurance in the 4th quarter worth approximately $569,509,000. Finally, Capital World Investors bought a new stake in shares of Neptune Insurance in the 4th quarter worth approximately $32,091,000.

Neptune Insurance Price Performance

NP stock opened at $31.24 on Tuesday. The business has a fifty day moving average price of $30.11 and a 200 day moving average price of $26.39. Neptune Insurance Holdings Inc. has a fifty-two week low of $14.78 and a fifty-two week high of $35.15. The stock has a market capitalization of $4.29 billion and a price-to-earnings ratio of 124.96.

Neptune Insurance (NYSE:NP) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company 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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 price objective on shares of Neptune Insurance in a research report on Wednesday, July 22nd. Weiss Ratings raised Neptune Insurance from a “sell (d)” rating to a “hold (c)” rating in a research report on Friday, July 31st. Evercore reissued an “outperform” rating and issued a $36.00 price target on shares of Neptune Insurance in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on shares of Neptune Insurance from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Mizuho raised their price objective on shares of Neptune Insurance from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.46.

Insider Transactions at Neptune Insurance

In other Neptune Insurance news, major shareholder Vii L.P. Ftv sold 5,252,044 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $26.40, for a total value of $138,653,961.60. Following the completion of the sale, the insider owned 17,098,587 shares in the company, valued at approximately $451,402,696.80. This trade represents a 23.50% 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 Hold 101 Lp Bsiv sold 4,589,351 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $26.40, for a total transaction of $121,158,866.40. Following the completion of the transaction, the insider directly owned 14,941,121 shares of the company’s stock, valued at approximately $394,445,594.40. This represents a 23.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,817,604 shares of company stock valued at $415,054,746 over the last ninety days. 74.26% of the stock is currently owned by company insiders.

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.