Neptune Insurance (NYSE:NP) CEO Trevor Burgess Acquires 50,000 Shares

Neptune Insurance Holdings Inc. (NYSE:NP) CEO Trevor Burgess purchased 50,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was acquired at an average price of $20.00 per share, with a total value of $1,000,000.00. Following the purchase, the chief executive officer directly owned 2,032,964 shares in the company, valued at $40,659,280. This represents a 2.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Neptune Insurance Price Performance

Shares of NYSE NP traded down $0.27 during mid-day trading on Friday, reaching $24.60. The company’s stock had a trading volume of 123,783 shares, compared to its average volume of 449,618. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.01 and a quick ratio of 1.22. Neptune Insurance Holdings Inc. has a 52 week low of $22.30 and a 52 week high of $33.23. The stock has a fifty day moving average of $28.37 and a two-hundred day moving average of $30.74. The firm has a market capitalization of $3.40 billion, a PE ratio of -15.00 and a beta of 1.46.

Neptune Insurance (NYSE:NP) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Neptune Insurance had a positive return on equity of 11.06% and a negative net margin of 2.53%.The business had revenue of $44.37 million during the quarter, compared to analysts’ expectations of $42.58 million. Neptune Insurance has set its FY 2026 guidance at EPS.

Wall Street Analysts Forecast Growth

Several research firms have commented on NP. Raymond James Financial assumed coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They set an “outperform” rating and a $30.00 price objective for the company. Zacks Research upgraded Neptune Insurance to a “hold” rating in a research report on Tuesday, October 28th. Cowen started coverage on Neptune Insurance in a research note on Monday, October 27th. They issued a “buy” rating on the stock. TD Cowen assumed coverage on shares of Neptune Insurance in a report on Monday, October 27th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Bank of America raised their price objective on Neptune Insurance from $21.00 to $22.50 and gave the company an “underperform” rating in a research report on Thursday. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.88.

Institutional Investors Weigh In On Neptune Insurance

A hedge fund recently bought a new stake in Neptune Insurance stock. Emerald Mutual Fund Advisers Trust bought a new position in Neptune Insurance Holdings Inc. (NYSE:NP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,761 shares of the company’s stock, valued at approximately $792,000. 93.37% of the stock is owned by hedge funds and other institutional investors.

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.