Neptune Insurance Holdings Inc. (NYSE:NP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Neptune Insurance Holdings Inc. (NYSE:NP) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $27.7308.

Several equities analysts have weighed in on the company. Mizuho raised their price objective on Neptune Insurance from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Morgan Stanley raised their price objective on Neptune Insurance from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, May 21st. Bank of America raised their price objective on Neptune Insurance from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods raised their price objective on Neptune Insurance from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Neptune Insurance in a research note on Monday, April 20th.

Insider Transactions at Neptune Insurance

In other news, major shareholder Vii L.P. Ftv sold 787,806 shares of Neptune Insurance stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.40, for a total transaction of $20,798,078.40. Following the sale, the insider directly owned 16,310,781 shares in the company, valued at $430,604,618.40. The trade was a 4.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Hold 101 Lp Bsiv sold 688,403 shares of Neptune Insurance stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.40, for a total value of $18,173,839.20. Following the sale, the insider owned 14,252,718 shares in the company, valued at $376,271,755.20. The trade was a 4.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,317,604 shares of company stock worth $298,784,746 in the last ninety days. Company insiders own 74.26% of the company’s stock.

Institutional Investors Weigh In On Neptune Insurance

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

Neptune Insurance Trading Down 3.6%

Shares of NYSE:NP opened at $24.57 on Tuesday. The stock’s fifty day simple moving average is $26.56 and its two-hundred day simple moving average is $25.14. Neptune Insurance has a 1-year low of $14.78 and a 1-year high of $33.23. The stock has a market cap of $3.40 billion and a PE ratio of 91.00.

Neptune Insurance (NYSE:NP) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $37.80 million for the quarter, compared to the consensus estimate of $36.96 million. The business’s revenue was up 28.8% on a year-over-year basis. On average, sell-side analysts forecast that Neptune Insurance will post 0.4 earnings per share for the current fiscal 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.