Neptune Insurance Holdings Inc. (NYSE:NP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Neptune Insurance Holdings Inc. (NYSE:NP) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.7308.

Several analysts recently commented on NP shares. Keefe, Bruyette & Woods lifted their price objective on Neptune Insurance from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Neptune Insurance in a report on Monday, April 20th. Evercore reaffirmed an “outperform” rating on shares of Neptune Insurance in a report on Friday, May 8th. Morgan Stanley lifted their price objective on Neptune Insurance from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Finally, Bank of America lifted their price objective on Neptune Insurance from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th.

Neptune Insurance Price Performance

Shares of NP opened at $27.53 on Tuesday. Neptune Insurance has a one year low of $14.78 and a one year high of $33.23. The firm has a market capitalization of $3.81 billion and a P/E ratio of 101.98. The business has a fifty day moving average of $26.79 and a 200 day moving average of $25.23.

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

Insider Buying and Selling at Neptune Insurance

In related news, major shareholder Vii L.P. Ftv sold 5,252,044 shares of Neptune Insurance stock in a transaction on Friday, May 15th. The stock was sold at an average price of $26.40, for a total transaction of $138,653,961.60. Following the transaction, the insider directly owned 17,098,587 shares in the company, valued at approximately $451,402,696.80. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hold 101 Lp Bsiv sold 4,589,351 shares of Neptune Insurance stock in a transaction on Friday, May 15th. The shares were sold at an average price of $26.40, for a total value of $121,158,866.40. Following the transaction, the insider owned 14,941,121 shares in the company, valued at $394,445,594.40. This trade represents a 23.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,317,604 shares of company stock worth $298,784,746 over the last quarter. 74.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Neptune Insurance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN purchased a new position in Neptune Insurance during the fourth quarter valued at $28,000. PNC Financial Services Group Inc. lifted its position in Neptune Insurance by 73.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,440 shares of the company’s stock valued at $180,000 after purchasing an additional 3,146 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Neptune Insurance during the third quarter valued at $171,000. Symmetry Investments LP purchased a new position in Neptune Insurance during the fourth quarter valued at $204,000. Finally, FJ Capital Management LLC purchased a new position in Neptune Insurance during the fourth quarter valued at $289,000.

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.