Neptune Insurance (NYSE:NP) CFO James Steiner Sells 42,988 Shares of Stock

Neptune Insurance Holdings Inc. (NYSE:NP) CFO James Steiner sold 42,988 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $31.08, for a total value of $1,336,067.04. Following the completion of the transaction, the chief financial officer owned 3,806,062 shares of the company’s stock, valued at approximately $118,292,406.96. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Steiner also recently made the following trade(s):

• On Thursday, August 13th, James Steiner sold 57,012 shares of Neptune Insurance stock. The stock was sold at an average price of $31.71, for a total value of $1,807,850.52.

Neptune Insurance Trading Down 0.8%

NYSE NP opened at $31.82 on Friday. The company has a market cap of $4.37 billion and a PE ratio of 127.30. Neptune Insurance Holdings Inc. has a 12 month low of $14.78 and a 12 month high of $35.15. The stock has a 50 day moving average of $30.65 and a 200-day moving average of $26.56.

Neptune Insurance (NYSE:NP) last released its earnings results on Tuesday, July 21st. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $55.87 million during the quarter, compared to analysts’ expectations of $52.38 million. Neptune Insurance had a net margin of 21.45% and a negative return on equity of 18.77%. As a group, sell-side analysts predict that Neptune Insurance Holdings Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NP has been the topic of several recent analyst reports. Raymond James Financial restated an “outperform” rating on shares of Neptune Insurance in a research note on Monday, April 27th. Keefe, Bruyette & Woods cut their target price on shares of Neptune Insurance from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. Mizuho lifted their price target on Neptune Insurance from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Piper Sandler boosted their price target on Neptune Insurance from $30.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. boosted their price target on Neptune Insurance from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Neptune Insurance currently has an average rating of “Hold” and an average price target of $31.46.

Hedge Funds Weigh In On Neptune Insurance

Several institutional investors and hedge funds have recently modified their holdings of NP. Wells Fargo & Company MN bought a new position in shares of Neptune Insurance in the fourth quarter valued at about $28,000. PNC Financial Services Group Inc. lifted its stake in shares of Neptune Insurance by 73.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,440 shares of the company’s stock worth $180,000 after buying an additional 3,146 shares during the last quarter. Symmetry Investments LP bought a new stake in shares of Neptune Insurance during the 4th quarter worth about $204,000. FJ Capital Management LLC bought a new stake in shares of Neptune Insurance during the 4th quarter worth about $289,000. Finally, BIT Capital GmbH acquired a new position in Neptune Insurance in the 4th quarter valued at about $292,000.

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. 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.