19,530,472 Shares in Neptune Insurance Holdings Inc. $NP Acquired by Bregal Sagemount IV General Partner Jersey Ltd

Bregal Sagemount IV General Partner Jersey Ltd acquired a new position in Neptune Insurance Holdings Inc. (NYSE:NP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,530,472 shares of the company’s stock, valued at approximately $569,509,000. Neptune Insurance accounts for 100.0% of Bregal Sagemount IV General Partner Jersey Ltd’s investment portfolio, making the stock its largest position. Bregal Sagemount IV General Partner Jersey Ltd owned about 14.15% of Neptune Insurance at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NP. Wells Fargo & Company MN acquired a new position in Neptune Insurance in the 4th quarter worth approximately $28,000. PNC Financial Services Group Inc. purchased a new stake in Neptune Insurance in the 4th quarter worth approximately $125,000. FNY Investment Advisers LLC acquired a new position in shares of Neptune Insurance in the third quarter worth $171,000. BIT Capital GmbH acquired a new position in shares of Neptune Insurance in the fourth quarter worth $292,000. Finally, Cohen & Steers Inc. purchased a new stake in shares of Neptune Insurance during the fourth quarter worth $292,000.

Analyst Ratings Changes

A number of research firms recently issued reports on NP. Weiss Ratings reissued a “sell (d)” rating on shares of Neptune Insurance in a research report on Monday, April 20th. Keefe, Bruyette & Woods upped their target price on Neptune Insurance from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Morgan Stanley upped their target price on Neptune Insurance from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Mizuho boosted their price target on Neptune Insurance from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Finally, Evercore reaffirmed an “outperform” rating on shares of Neptune Insurance in a research report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.73.

Insider Activity

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 4,589,351 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $26.40, for a total transaction of $121,158,866.40. Following the transaction, the insider directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Vii L.P. Ftv sold 5,252,044 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $26.40, for a total value of $138,653,961.60. Following the transaction, the insider owned 17,098,587 shares in the company, valued at approximately $451,402,696.80. 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. Over the last 90 days, insiders have sold 11,317,604 shares of company stock worth $298,784,746. Corporate insiders own 74.26% of the company’s stock.

Neptune Insurance Price Performance

Neptune Insurance stock opened at $27.53 on Friday. Neptune Insurance Holdings Inc. has a one year low of $14.78 and a one year high of $33.23. The company’s fifty day moving average price is $26.79 and its two-hundred day moving average price is $25.23. The company has a market capitalization of $3.81 billion and a price-to-earnings ratio of 101.98.

Neptune Insurance (NYSE:NP) last posted its earnings results 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 quarterly revenue was up 28.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current year.

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.