Capital International Investors Purchases Shares of 700,000 Neptune Insurance Holdings Inc. $NP

Capital International Investors bought a new stake in shares of Neptune Insurance Holdings Inc. (NYSE:NP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 700,000 shares of the company’s stock, valued at approximately $20,412,000. Capital International Investors owned 0.51% of Neptune Insurance at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new stake in Neptune Insurance during the 4th quarter valued at approximately $125,000. FNY Investment Advisers LLC bought a new stake in Neptune Insurance during the 3rd quarter valued at approximately $171,000. BIT Capital GmbH bought a new stake in shares of Neptune Insurance in the fourth quarter worth about $292,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Neptune Insurance in the fourth quarter worth about $759,000. Finally, Comerica Bank bought a new stake in shares of Neptune Insurance in the fourth quarter worth about $1,507,000.

Insider Buying and Selling

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 4,589,351 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 14,941,121 shares in the company, valued at $394,445,594.40. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Vii L.P. Ftv sold 5,252,044 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $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. Over the last quarter, insiders sold 11,317,604 shares of company stock worth $298,784,746. Corporate insiders own 74.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Evercore reaffirmed an “outperform” rating on shares of Neptune Insurance in a report on Friday, May 8th. Keefe, Bruyette & Woods lifted their target price on Neptune Insurance from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Neptune Insurance in a report on Monday, April 27th. BMO Capital Markets raised Neptune Insurance from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $25.00 to $20.00 in a report on Friday, February 13th. Finally, Morgan Stanley lifted their target price on Neptune Insurance from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Eight 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.73.

Neptune Insurance Trading Up 2.3%

NP opened at $25.18 on Wednesday. The firm has a market cap of $3.48 billion and a P/E ratio of 93.25. Neptune Insurance Holdings Inc. has a 12 month low of $14.78 and a 12 month high of $33.23. The stock has a 50-day moving average of $26.60 and a 200 day moving average of $25.16.

Neptune Insurance (NYSE:NP) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $37.80 million during the quarter, compared to analysts’ expectations of $36.96 million. The company’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, research analysts forecast that Neptune Insurance Holdings Inc. 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.