Dockside LLC Makes New $598,000 Investment in Neptune Insurance Holdings Inc. $NP

Dockside LLC bought a new position in Neptune Insurance Holdings Inc. (NYSE:NP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,498 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bregal Sagemount IV General Partner Jersey Ltd purchased a new stake in shares of Neptune Insurance during the 4th quarter valued at $569,509,000. Vanguard Group Inc. purchased a new stake in shares of Neptune Insurance during the 4th quarter valued at $47,063,000. Capital World Investors purchased a new stake in shares of Neptune Insurance during the 4th quarter valued at $32,091,000. JPMorgan Chase & Co. purchased a new stake in shares of Neptune Insurance during the 4th quarter valued at $27,695,000. Finally, Capital International Investors purchased a new stake in shares of Neptune Insurance during the 4th quarter valued at $20,412,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Neptune Insurance from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Piper Sandler lowered their price objective on shares of Neptune Insurance from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Weiss Ratings restated a “sell (d)” rating on shares of Neptune Insurance in a research report on Monday, April 20th. Keefe, Bruyette & Woods raised their price objective on shares of Neptune Insurance from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Finally, Raymond James Financial restated an “outperform” rating on shares of Neptune Insurance in a research report on Monday, April 27th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.73.

Insider Buying and Selling at Neptune Insurance

In related news, major shareholder Hold 101 Lp Bsiv sold 4,589,351 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $26.40, for a total transaction of $121,158,866.40. Following the transaction, the insider owned 14,941,121 shares of the company’s stock, valued at approximately $394,445,594.40. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Vii L.P. Ftv sold 5,252,044 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $26.40, for a total transaction of $138,653,961.60. Following the completion of the sale, the insider directly owned 17,098,587 shares in the company, valued at approximately $451,402,696.80. This trade represents a 23.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,317,604 shares of company stock worth $298,784,746. 74.26% of the stock is owned by insiders.

Neptune Insurance Stock Performance

NP stock opened at $27.53 on Monday. Neptune Insurance Holdings Inc. has a 52 week low of $14.78 and a 52 week high of $33.23. The firm’s fifty day moving average is $26.79 and its 200 day moving average is $25.25. The firm has a market cap of $3.81 billion and a P/E ratio of 101.98.

Neptune Insurance (NYSE:NP) last released its earnings results on Wednesday, April 22nd. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $37.80 million for the quarter, compared to the consensus estimate of $36.96 million. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. As a group, analysts forecast that Neptune Insurance Holdings Inc. will post 0.4 EPS 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.