Neptune Insurance Holdings Inc. (NYSE:NP) Receives Consensus Recommendation of “Hold” from Analysts

Neptune Insurance Holdings Inc. (NYSE:NP) has earned an average rating of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.4643.

NP has been the subject of several recent research reports. Morgan Stanley set a $31.00 price target on Neptune Insurance in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $33.00 price target on shares of Neptune Insurance in a research report on Wednesday, July 22nd. Evercore restated an “outperform” rating and issued a $36.00 price objective on shares of Neptune Insurance in a report on Wednesday, July 22nd. Raymond James Financial restated an “outperform” rating on shares of Neptune Insurance in a report on Monday, April 27th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Neptune Insurance from $34.00 to $33.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th.

Insider Buying and Selling at Neptune Insurance

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of Neptune Insurance stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $33.22, for a total value of $54,220,355.20. Following the sale, the insider owned 12,620,558 shares in the company, valued at $419,254,936.76. The trade was a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Vii L.P. Ftv sold 1,867,840 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $33.22, for a total transaction of $62,049,644.80. Following the completion of the sale, the insider owned 14,442,941 shares in the company, valued at approximately $479,794,500.02. This trade represents a 11.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,817,604 shares of company stock valued at $415,054,746. 74.26% of the stock is owned by insiders.

Institutional Trading of Neptune Insurance

Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN purchased a new stake in Neptune Insurance during the 4th quarter worth approximately $28,000. PNC Financial Services Group Inc. acquired a new position in Neptune Insurance during the 4th quarter worth $125,000. Symmetry Investments LP acquired a new position in Neptune Insurance during the 4th quarter worth $204,000. FJ Capital Management LLC purchased a new stake in Neptune Insurance during the 4th quarter worth about $289,000. Finally, BIT Capital GmbH purchased a new stake in Neptune Insurance during the 4th quarter worth about $292,000.

Neptune Insurance Price Performance

NP stock opened at $31.84 on Wednesday. The company has a market capitalization of $4.37 billion and a P/E ratio of 127.36. Neptune Insurance has a 12 month low of $14.78 and a 12 month high of $35.15. The firm’s fifty day simple moving average is $29.61 and its 200-day simple moving average is $26.14.

Neptune Insurance (NYSE:NP) last posted its earnings results on Tuesday, July 21st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $55.87 million during the quarter, compared to the consensus estimate 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 forecast that Neptune Insurance will post 0.4 earnings per share for the current year.

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.