Neptune Insurance (NYSE:NP) Major Shareholder Hold 101 Lp Bsiv Sells 1,632,160 Shares of Stock

Neptune Insurance Holdings Inc. (NYSE:NP) major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $33.22, for a total value of $54,220,355.20. Following the transaction, the insider owned 12,620,558 shares in the company, valued at $419,254,936.76. This trade represents a 11.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Hold 101 Lp Bsiv also recently made the following trade(s):

• On Tuesday, May 19th, Hold 101 Lp Bsiv sold 688,403 shares of Neptune Insurance stock. The stock was sold at an average price of $26.40, for a total transaction of $18,173,839.20.
• On Friday, May 15th, Hold 101 Lp Bsiv sold 4,589,351 shares of Neptune Insurance stock. The shares were sold at an average price of $26.40, for a total transaction of $121,158,866.40.

Neptune Insurance Stock Up 0.6%

Shares of NYSE NP traded up $0.18 during trading on Friday, hitting $31.84. The company had a trading volume of 998,533 shares, compared to its average volume of 740,123. The firm has a market capitalization of $4.37 billion and a price-to-earnings ratio of 127.36. The stock has a fifty day simple moving average of $29.61 and a two-hundred day simple moving average of $26.14. Neptune Insurance Holdings Inc. has a fifty-two week low of $14.78 and a fifty-two week high of $35.15.

Neptune Insurance (NYSE:NP) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Neptune Insurance had a net margin of 21.45% and a negative return on equity of 18.77%. The firm had revenue of $55.87 million during the quarter, compared to the consensus estimate of $52.38 million. On average, analysts anticipate that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On Neptune Insurance

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

Analyst Ratings Changes

Several research firms have recently weighed in on NP. Piper Sandler raised their target price on Neptune Insurance from $30.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Raymond James Financial reissued an “outperform” rating on shares of Neptune Insurance in a research note on Monday, April 27th. Weiss Ratings restated a “sell (d)” rating on shares of Neptune Insurance in a report on Friday, July 17th. JPMorgan Chase & Co. lifted their target price on shares of Neptune Insurance from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Mizuho increased their target price on shares of Neptune Insurance from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.46.

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.