Neptune Insurance (NYSE:NP) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Neptune Insurance (NYSE:NP) from a market perform rating to an outperform rating in a research report sent to investors on Thursday, Marketbeat reports. They currently have $25.00 price objective on the stock, down from their prior price objective of $26.00.

A number of other equities analysts have also recently issued reports on NP. Evercore began coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They set an “outperform” rating and a $35.00 price objective on the stock. Morgan Stanley upped their price target on Neptune Insurance from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $32.50 price objective on shares of Neptune Insurance in a research note on Wednesday, January 7th. National Bank Financial set a $23.00 price objective on Neptune Insurance in a report on Monday, October 27th. Finally, Bank of America increased their target price on Neptune Insurance from $21.00 to $22.50 and gave the stock an “underperform” rating in a report on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.73.

Neptune Insurance Stock Performance

Neptune Insurance stock opened at $21.26 on Thursday. The stock has a market capitalization of $2.93 billion and a price-to-earnings ratio of 193.27. Neptune Insurance has a 52-week low of $14.78 and a 52-week high of $33.23. The stock’s 50 day moving average price is $25.75 and its two-hundred day moving average price is $27.49.

Neptune Insurance (NYSE:NP) last issued its earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $43.77 million for the quarter, compared to the consensus estimate of $39.42 million.

Hedge Funds Weigh In On Neptune Insurance

A number of hedge funds have recently bought and sold shares of NP. Bregal Sagemount IV General Partner Jersey Ltd bought a new stake in shares of Neptune Insurance in the 4th quarter worth $569,509,000. T. Rowe Price Investment Management Inc. bought a new stake in Neptune Insurance in the 4th quarter worth about $133,488,000. Vanguard Group Inc. purchased a new stake in Neptune Insurance in the 4th quarter valued at about $47,063,000. Capital World Investors purchased a new stake in Neptune Insurance in the 4th quarter valued at about $32,091,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $29,051,000.

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.