Analysts Set Neptune Insurance Holdings Inc. (NYSE:NP) PT at $27.42

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $27.4231.

Several equities research analysts have issued reports on NP shares. BMO Capital Markets raised shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $25.00 to $20.00 in a research note on Friday, February 13th. Keefe, Bruyette & Woods raised their price target on shares of Neptune Insurance from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Mizuho raised their price target on shares of Neptune Insurance from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Neptune Insurance in a research note on Monday, April 20th. Finally, Morgan Stanley decreased their price target on shares of Neptune Insurance from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 4th.

Insider Activity

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 688,403 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total transaction of $18,173,839.20. Following the sale, the insider directly owned 14,252,718 shares of the company’s stock, valued at $376,271,755.20. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Trevor R. Burgess bought 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $18.71 per share, with a total value of $935,500.00. Following the completion of the acquisition, the chief executive officer owned 2,082,964 shares of the company’s stock, valued at $38,972,256.44. This trade represents a 2.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 11,317,604 shares of company stock valued at $298,784,746 over the last quarter. 74.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Neptune Insurance

Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN purchased a new stake in Neptune Insurance in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. purchased a new stake in Neptune Insurance in the fourth quarter valued at approximately $125,000. FNY Investment Advisers LLC purchased a new stake in Neptune Insurance in the third quarter valued at approximately $171,000. Symmetry Investments LP purchased a new stake in Neptune Insurance in the fourth quarter valued at approximately $204,000. Finally, FJ Capital Management LLC purchased a new stake in Neptune Insurance in the fourth quarter valued at approximately $289,000.

Neptune Insurance Trading Down 1.9%

NYSE:NP opened at $26.70 on Friday. The firm has a 50-day moving average price of $25.13 and a two-hundred day moving average price of $25.00. Neptune Insurance has a twelve month low of $14.78 and a twelve month high of $33.23. The company has a market capitalization of $3.69 billion and a P/E ratio of 98.90.

Neptune Insurance (NYSE:NP) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $37.80 million for the quarter, compared to analyst estimates of $36.96 million. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. On average, equities research analysts predict that Neptune Insurance will post 0.39 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.